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 agreement to lift the 25 percent duty on steel exported to the United States provided some relief for struggling businesses, but uncertainties for the industry remain.
The Trump administration could use the investigation to impose new tariffs on imported planes, jet engines and other aerospace parts.
A day after Trump called the European Union’s top official “so fantastic,” she and Germany’s chancellor emphasized a desire to negotiate on tariffs.
The agreement President Trump announced Thursday still needs to be finalized, but the administration said the deal with one of America’s closest allies would be the first of many.
The agreement appeared to be more of a framework than a settled deal and eased some of President Trump’s tariffs on British goods while opening its markets.
A deal would be a positive sign for both governments, which have eyed an agreement since President Trump’s first term.
The Treasury secretary and trade representative plan to meet with Chinese officials this weekend to discuss trade and economic matters.
As he proposes ever stiffer tariffs, President Trump has normalized his merely big ones.