Bessent Demurs on Trump’s Claim of Trade Talks With China’s Xi
The Treasury secretary said that the President Trump and Xi Jinping of China have a good relationship but that he was not aware of a call, which Mr. Trump had alluded to last week.
It Is Happening Every Day, Every Where
The Treasury secretary said that the President Trump and Xi Jinping of China have a good relationship but that he was not aware of a call, which Mr. Trump had alluded to last week.
The cases are the latest test of the president’s expansive claims of executive power.
The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.
Each year, hundreds of thousands of Canadians visit the desert city. But tariffs and other attacks on their country by the Trump administration are driving them away.
President Trump said “we’re meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.
The lawsuit, filed by Democratic attorneys general, said the president’s tariffs have hurt their economies and residents.
President Trump has said his punishing tariffs would force companies to build factories in the United States. But it is far from clear that they will have the effects he predicted.
The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.
The plane maker, which has been trying to recover from a quality crisis, could lose orders in China as a result of President Trump’s tariffs.
The few domestic companies that still make protective gear for health care workers have clamored for federal intervention. But they worry President Trump’s trade war with China won’t help.