President Donald Trump is preparing to slap tariffs on Chinese goods early Friday, the first shot in a trade war between the world’s two biggest economies. Tariffs on $34 billion of Chinese goods are scheduled to take effect at 12:01 a.m. in Washington. Beijing has said retaliatory tariffs on U.S. goods ranging from soybeans to…
The Trump White House said it would move ahead with imposing tariffs on $50 billion of Chinese products, after previously declaring that the trade war was “on hold.” The U.S. tariffs will fall on 1,102 categories of Chinese goods, focusing on industrial sectors like aerospace, automobiles, industrial machinery, information technology and robotics, the administration said.…
The Trump administration said on Thursday that it would impose steep tariffs on metals imported from its closest allies after proposing them earlier and the year and then using the threat as leverage during the NAFTA talks with Canada and Mexico. The European Union, Canada and Mexico, which will face 25 percent tariffs on steel…
President Trump threatened to impose tariffs on as much as $150 billion worth of Chinese product, working up to what seemed to be a full-scale trade war with China. the nation’s greatest economic adversary. Now, suddenly, Mr. Trump seems ready to make peace by lifting sanctions on a major Chinese telecommunications company, ZTE, which has…
It appears that China has skipped past a proposed high tariff on soybeans. According to Bunge, Ltd, the world’s largest oilseed processor, China is no longer buying soybeans from U.S. producers at all and has been meeting Chinese demand with supplies from mostly South America. Expect more news on this front as China is also targeting…
