China, Trump and Tariffs
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A White House executive order said on Monday that the U.S. would cut the "de minimis" tariff on China shipments to 54% from 120%, with a flat fee of $100 to remain starting from May 14.
A day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate, China is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war.
Five small businesses urged a federal court to block Trump's tariffs but government lawyers contend presidents have long regulated trade.
Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement
Canadian MAGA businessman Kevin O’Leary appears willing to admit that President Donald Trump’s trade war with China is essentially a “consumption tax” which Americans will end up paying.
President Trump is resetting on tariffs after almost six weeks of turmoil that threatened to upend his second term. A Monday announcement that the United States and China had come to an agreement
President Donald Trump hailed a “total reset” in trade relations between the U.S. and China. But other trading partners may not find negotiations quite so smooth. To many, China may have appeared the toughest agreement to reach but Trump suggested otherwise, taking aim at the European Union Monday.
Charles Gasparino suggested that the president had to eventually wake up and fix the mess he created with his economic war.