Trump, China and tariffs
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USA Today |
“If the U.S. insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end,” the Ministry of Comm...
U.S. News & World Report |
Trump's "reciprocal" tariffs on dozens of countries were set to take effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negoti...
BBC |
The new "reciprocal" tariffs due to be imposed on those countries will therefore push up the US price of a wide range of goods ultimately originating in China.
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Auto workers expressed uncertainty and hope outside a Stellantis assembly plant in central Mexico that is scheduled to begin a month-long pause in production.
Trump had already decoupled auto imports from a series of reciprocal tariffs he is widely expected to announce next Wednesday, on April 2, a day he has referred to as "liberation day." As part of those tariffs, he is expected to raise import tariffs to match those levied against U.S. exports to those countries.
President Trump escalated his trade war with partners when he announced this week he would impose a 25-percent tariff on foreign vehicles and automobile parts. The president argued that tariffs
1hon MSN
Trump’s expanded steel and aluminum tariffs came into effect in March. Both metals are now taxed at 25% across the board, with Trump’s order to remove steel exemptions and raise aluminum’s levy from his previously imposed 2018 import taxes taking effect March 12.
President Donald Trump’s auto tariffs went into effect Thursday. The 25% tariffs apply to imported cars to the U.S. and Trump also plans to extend the tariffs to cover car parts, which likely will increase the cost of repairs and insurance. These tariffs are also expected to extend to applicable auto parts in the coming weeks, through May 3.
President Donald Trump continues to forge ahead with his domestic and foreign policy agenda as he moves to implement his plan for global tariffs. Follow here for the latest live news updates.
The Associated Press on MSN13d
Trump places 25% tariff on all imported autosPresident Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will ...
Tesla has already spoken out against President Trump's tariffs, and its CEO Elon Musk is now following suit—despite his relationship with the White House.