Trump, China and tariffs
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The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.
White House backed down on China’s tariff after president was told they would hurt ‘Trump’s people’ the most - Several White House staffers had to warn the president that his tariffs would impact ‘Trump’s people.
A wave of protests over factory closures in China in recent weeks appeared to show the impact of U.S. tariffs on a highly exposed sector that employs millions. The demonstrations, a reflection of the export-driven economy's early pain,
An eighty percent "tariff on China seems right! Up to Scott B," the president posted, seemingly leaving the decision up to his Treasury secretary.
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.
American and Chinese officials have started talks in Switzerland to de-escalate a trade dispute between the world's two biggest economies that has global implications. There is hope that the countries can scale back the tariffs they have slapped on each other's goods,
3don MSN
President Donald Trump says “great progress” was being made in ongoing U.S.-China talks over tariffs menacing the global economy, and even suggested a “total reset" was on the table as tariff negotiations are set to continue Sunday in Switzerland.
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.
Some small businesses face higher costs because of tariffs, but SBA Administrator Kelly Loeffler says deals are coming.