China, Trump and tariffs
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CBS News |
China said Tuesday it would "fight to the end" and take countermeasures against the United States to safeguard its own interests after President Trump threatened an additional 50% tariff on Chinese i...
BBC |
World leaders are now scrambling to respond, with some now negotiating with Trump to lower their rates.
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Chinese manufacturers of goods from tableware to flooring are flagging profit warnings, scrambling to plan new overseas plants or accelerate offshore projects, while haggling with customers over prices as they reel from President Donald Trump's tariffs.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
Or, some combination of the above. Economists found that, when Mr. Trump put tariffs on China in his first term, most of that cost was passed on to consumers. But economic studies found that his ...
Tariffs of 10% are applied to most products from most countries, but energy and energy products, steel, and aluminum are exempt, as tariffs have already been applied.