Trump, China and tariffs
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The curtain came down on the first phase of President Trump’s tariff and trade war earlier this week, when the U.S. announced a huge reduction in levies with China. Washington and Beijing agreed
Low-cost packages imported to the United States by China that were historically exempted from paying dues have been provided some relief from steep tariffs the Trump administration placed on Beijing.
Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive import taxes they have imposed on each other's goods since President Trump launched a trade war.
China's official news agency took a tough approach Saturday, saying China will “firmly reject any proposal that compromises core principles or undermines
Two days of high-stakes talks between the US and China have led to a 90-day pause on tariffs, with duties set to drop by 115 percentage points on both sides by Wednesday and with President Donald Trump and Chinese President Xi Jinping now likely to talk in the coming days.
President Donald Trump's plan for tariffs on imports has guided the stock market's direction over the past few weeks. The initial plan, with double-digit tariffs for countries around the world, shook the market,
Some small businesses face higher costs because of tariffs, but SBA Administrator Kelly Loeffler says deals are coming.
Commerce Secretary Howard Lutnick said the Trump administration's goal is to use the power of the American economy to open China to U.S. exporters.