has repeatedly shown its perils throughout history. A notable example is the U.S. Smoot-Hawley Tariff Act of 1930, which imposed high tariffs on imported goods. This policy triggered a global trade war, exacerbating the Great Depression and underscoring the interconnectedness...
The Trump administration had also threatened to impose 25% tariffs on Mexico and Canada, but the U.S. reached an agreement with each of those countries on Monday, pausing the tariffs for one month. Still, trade experts said they expect the China tariffs to increase prices paid by U.S. sh...
a trade group focused on electronics manufacturing, estimated on Friday that game console prices could rise by 50% due to the tariffs announced on Wednesday.
The new China-US trade tariffs, also called the Trump Tariffs, are officially called Section 301 Duties.The first Section 301 list was published on July 6th. Tariff List 1 assessed a 25% duty rate on $34 billion dollars worth of goods being imported from China....
TMTPOST -- U.S. President Donald Trump signaled on Tuesday he could impose steep tariffs on Chinese trade to his country next month, though not taking actions on his first day in office as he previously warned.Credit：Xinhua News Agency “We’re talking about a tariff of 10% on China ...
Trump’s view on China has been consistent since his first term when he launched the trade war against Beijing, including tariffs and export controls since 2018. He claims that the trade policy with China has been unfair. Among all nations subject to the new “reciprocal” tariffs, Trump sing...
CHINA TARIFFS: As Donald Trump prepares to return to office with sweeping plans to impose more levies on foreign goods, economists and business owners are pointing to unintended consequences that resulted from his tariffs the first time around, The New York Times’ Ana Swanson writes. Beginning ...
The U.S. and China agreed to a three-month pause on their triple-digit tariff trade war, the White House announced Monday. As part of an agreement hashed out in Geneva, Switzerland, over the weekend, the U.S. “reciprocal tariffs” on goods from China will drop to 10 percent, from ...
Over 50 Countries Throw in the Towel to Trump's Tariffs, China, EU and Canada Retaliate CFP AsianFin -- Over 50 countries and territories have contacted Washington to initiate trade discussions since Trump announced a new round of tariffs on April 3, while major economies including China, EU,...
Increased duties on Chinese imports: In addition to tariffs, the Republican party platform calls for revoking China’s Normal Trade Relations (NTR) status, also known as Most Favored Nation status. Trump could suspend China’s NTR status through executive...