Trump, China and Tariff
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Five small businesses urged a federal court to block Trump's tariffs but government lawyers contend presidents have long regulated trade.
Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement
The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.
China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the U.
Trump imposed the new tariffs on April 2, saying the U.S. trade deficit was a "national emergency" that justified a 10% across-the-board tariff on all imports, with higher tariff rates for countries with which the U.S. has the largest trade deficits, particularly China.
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President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.
The agreement was cheered in Beijing as vindication for Xi Jinping and his defiant response to President Trump’s trade war.
Juliette Binoche, head of this year's Cannes Film Festival jury, said on Tuesday U.S. President Donald Trump's threat to impose 100% tariffs on films made abroad, among his other policy decisions, was also about saving his reputation.
A handful of companies could make or break Trump’s AI plans, Reva Goujon and Ben Reynolds write in a guest commentary.