Trump Aides Signal New Tariffs on Chips, Calling Exclusions Temporary
On Friday, the administration carved out an exception for a variety of electronics from the steep taxes now applied to Chinese imports.
It Is Happening Every Day, Every Where
On Friday, the administration carved out an exception for a variety of electronics from the steep taxes now applied to Chinese imports.
The administration says foreign governments are racing to the United States to negotiate, but exactly which countries might strike a deal — and over what — remains unclear.
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies.
The roller coaster of on-again, off-again tariffs have focused attention on the people behind President Trump’s trade strategy. Rob Copeland, a New York Times finance reporter, takes us inside Trump’s tariff team.
The president’s top advisers acknowledged President Trump’s sweeping tariffs could raise prices but said an economic adjustment that would ultimately benefit American workers was overdue.
The loophole has allowed retailers to send goods from China directly to U.S. shoppers without paying tariffs. Closing it could raise consumer prices.
President Trump’s approach to tariffs has unsettled many corporate leaders who believed he would use the levies as a negotiating tool. As it turns out, he sees them as an end in themselves.
Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.
Investors sent stock prices down on Thursday amid the uncertainty over what President Trump’s inconstancy means for the global economy.
Goods trading under the rules of the North American trade pact, or the vast majority of products, would be exempt from tariffs, the president said. The levies have caused stock markets to sink.