President Donald Trump says he’s agreed to a “Phase One” deal with China that includes “many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more” — effectively calling a truce in a war that has roiled financial markets and the US and Chinese economies. On Twitter, Trump said some tariffs […]
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The top US trade negotiator on Tuesday said that new tariffs on Chinese-made consumer goods including cell phones, toys and video game consoles would be delayed until December 15. The move comes after a phone call between US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and top Chinese negotiator Liu He in which the parties agreed […]
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White House economic adviser Larry Kudlow contradicted President Donald Trump on Sunday by acknowledging that U.S. consumers end up paying for the administration’s tariffs on Chinese goods. During an interview with “Fox News Sunday,” Kudlow, who is the director of the National Economic Council, was pressed by anchor Chris Wallace about Trump’s repeated, inaccurate claim that […]
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President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise. “I’m ready to go to 500,” the president told CNBC’s Joe Kernen in a “Squawk Box” interview aired Friday. The reference is to the dollar amount of Chinese imports the U.S. accepted in […]
