Trump Slashes 'De Minimis' Tariff on China
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10mon MSN
Carrier CEO Dave Gitlin has announced thousands of new jobs and an additional $1 billion in investments over the next five years in the latest push to make products in the United States. This comes weeks after President Donald Trump issued tariffs against 86 countries.
Trump claims tariffs on China will restore U.S. jobs, but experts warn transitioning supply chains may cost billions and take years to achieve.
The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.
Monday's announcement of a temporary reduction in import tariffs is only the latest chapter in a nearly eight-year trade dispute that began during President Donald Trump's first term. The agreement, which followed discussions between American and Chinese representatives in Geneva,
I spent four and a half years living there in the mid-1970s during trade negotiations called the Tokyo Round, which set the table for the current negotiations by lowering tariffs on manufacturers. The tariff rates that Trump complains about now were agreed to at the Tokyo Round and a decade later as part of the most-favored-nation round.
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty. Trump launched a trade war during his first term as well,
The U.S. and China agreed to a 90-day pause in their trade conflict. Here's what China's tariffs on the U.S. looked like in 2024.
Prior to President Trump's second term, there was little back and forth between the U.S. and China on tariffs. Here's what to know.
Chinese leader Xi Jinping has taken aim at “bullying” and “hegemonism,” in his first public remarks since a temporary truce over tariffs was agreed in the trade war between the United States and China.