China, Trump and his tariff
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Beginning Wednesday, shipments arriving in the United States from China and Hong Kong worth less than $800 could face 54 percent tariffs.
That is the U.S.’s effective tariff on China, with the deal announced after a weekend of negotiations, according to Evercore ISI. That figure includes levies in place be
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty. Trump launched a trade war during his first term as well,
China’s services sector is buckling under U.S. tariffs, with new data showing a dramatic slowdown in April — the latest
There are no winners in a trade war, Chinese President Xi Jinping told Latin American leaders and other officials in Beijing on Tuesday, as he sought to project unity with the region a day after the United States and China agreed to slash reciprocal tariffs.
Five small businesses urged a federal court to block Trump's tariffs but government lawyers contend presidents have long regulated trade.
President Donald Trump said Monday the tariffs against China would "go up substantially higher" than 145% if a longer-term trade deal is not reached before 90 days.
Former Trump advisor Stephen Moore said the market rebound that came as China and the U.S. agreed to a 90-day pause on massive tariffs could signal the start of a financial revolution.