Trump’s China Deal Frees Up Shipping. Will Goods Pour Into the U.S.?
The temporary lowering of tariffs may compel some U.S. businesses to order goods that they had held off buying after President Trump raised them to 145 percent.
It Is Happening Every Day, Every Where
The temporary lowering of tariffs may compel some U.S. businesses to order goods that they had held off buying after President Trump raised them to 145 percent.
President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.
The Trump administration could use the investigation to impose new tariffs on imported planes, jet engines and other aerospace parts.
The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.
The Treasury secretary and trade representative plan to meet with Chinese officials this weekend to discuss trade and economic matters.
Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.
President Trump has ended a tariff loophole that generated lots of business for delivery companies shipping inexpensive goods from China to the U.S.
Tariffs on imported parts will have a broad impact because all vehicles use components made abroad.
The e-commerce site acted after the Trump administration said it would close a loophole that allowed low-cost Chinese-made items to enter the U.S. without import fees.
The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.