Donald Trump, Trade War
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On Tuesday, it was reported that Chinese shipments of Apple's iPhone and mobile devices to the US fell to their lowest since 2011 in April. The sharp drop highlights how US tariff
Companies importing goods into the United States from China are rushing to convert warehouses into facilities that are exempt from President Donald Trump's tariffs until they are ready to sell the merchandise.
That was the result of President Donald Trump’s “reciprocal” tariff hikes on China since April 2, which rose as high as 145%, on top of a 25% tariff on certain goods from his first term. Had the shipment arrived a day later,
12hon MSN
St. Louis Fed president Alberto Musalem said that even after President Trump's 90-day trade truce with China, tariffs at their current levels could have a 'significant' impact on the economy in the short term.
President Trump believes he can force more goods to be made at home by raising taxes on American imports. He imposed new tariffs on cars, steel and aluminum. His particularly steep tariffs on China prompted an escalation that blocked most trade between the countries. He also placed new “ reciprocal tariffs ” on China and dozens of other countries.
China’s defiant stance in negotiating a tariff truce with the US has convinced some countries they need to take a tougher position in their own trade talks with the Trump administration.
On Tuesday, it was reported that Chinese shipments of Apple's iPhone and mobile devices to the US fell to their lowest since 2011 in April. The sharp drop highlights how US tariff
A crucial cog in the global semiconductor industry, Malaysia aims to build high-end chips. It will have to contend with President Trump’s trade policy first.
Leading financial officials from the world’s richest countries are gathering in a Canadian mountain resort this week for what may prove a contentious meeting in the wake of President Donald Trump’s sweeping tariffs.