• Trump and China confirm agreement on ‘phase one’ trade deal

    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 […]

  • US-China trade negotiators reach preliminary agreement short of a comprehensive deal

    US and Chinese negotiators reached a preliminary agreement Friday that will ease trade tensions, but it falls short of a comprehensive deal. “We’ve come to a very substantial phase one deal,” President Donald Trump announced in the Oval Office alongside Chinese Vice Premier Liu He Friday afternoon. “We’ve come to a deal, pretty much, subject […]

  • China retaliates with tariffs on $75 billion of US goods

    The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods. China will place tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China’s Finance Ministry. The Ministry also announced plans […]

  • Trump says U.S. to impose 5 percent tariff on all Mexican goods

    President Donald Trump said Thursday night that the United States would impose a 5 percent tariff on all Mexican goods starting next month, saying the sweeping tariffs would rise monthly to as high as 25 percent “until Mexico substantially stops the illegal inflow of aliens coming through its territory.” Trump has previously threatened to use […]

  • Tariffs on Chinese Goods Impacting Local Businesses

    The Trump Administration is creating a new list of $300 billion worth of Chinese goods that will be slapped with tariffs up to 25%. The list includes everyday items like shirts, mugs and picture frames. Economist John-Paul Valdez said consumers will see the biggest price difference first at big-box retailers like Walmart and Target. However, […]

  • Trump aide Kudlow acknowledges U.S. consumers pay for tariffs, not China

    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 […]

  • Dow plunges 600 points as China hits U.S. with $60B in tariffs

    Wall Street plunged Monday morning, with the Dow Jones Industrial Average falling by almost 600 points in response to a ratcheting up of trade tensions after China said it would raise tariffs on $60 billion worth of U.S. goods, starting June 1. Global markets have shown intense volatility over the past few weeks, with all […]

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