China, Trump and Tariffs
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The president said he and Chinese President Xi Jinping still need to sign off on a preliminary deal, even though he called it "done."
President Donald Trump is touting a trade deal with China, but U.S. tariffs on the country will remain — even as Trump says the relationship between Washington and Beijing is “excellent.” How much? Trump,
BEIJING (Reuters) -Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration.
The latest trade “deal” between the U.S. and China underscores two uncomfortable realities for the economy and markets: Tariffs aren’t going away and uncertainty is here to stay. President Donald Trump said in a Truth Social post that negotiators in London had reached an agreement to restore last month’s trade cease-fire,
President Trump told reporters this week that he would send letters to trading partners in the next week or two setting unilateral tariff rates. “At a certain point, we’re just going to send letters out.
The Rodon Group produces billions of plastic parts every year — including parts for the popular toy brand K'nex — at its factory in Hatfield, Pennsylvania.
U.S. seaborne imports of goods from China dropped 28.5% year-over-year in May, the sharpest decline since the pandemic, as President Donald Trump's 145% tariffs took hold, supply chain technology provider Descartes said on Monday.
The US and China will continue trade talks on Tuesday after six hours of discussions between top officials kicked off in London on Monday. Tuesday's talks are expected to continue to focus on easing tensions over rare earths and tech.