China, tariffs
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The Trump administration is considering slashing its steep tariffs on Chinese imports—in some cases by more than half—in a bid to de-escalate tensions with Beijing that have roiled global trade and investment, according to people familiar with the matter.
The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.
On Thursday, reports circulated that Trump was considering slashing tariffs on China in advance of the early talks, though a White House spokesperson called that "baseless speculation." Trump himself has offered mixed messaging on whether tariffs would be ...
The Wall Street Journal reported on Wednesday that the White House is considering slashing tariffs ... the news outlet said that tariffs on imports from China were likely to come down to between ...
With the deal announced after a weekend of negotiations, the U.S.’s effective tariff on China will be 39%, including levies in place before President Trump took office, according to Evercore ISI. That is the highest on any major country,
On Monday, a White House executive order slashed the "de minimis" tariff on China shipments to 54% from ... Nissan (NSANY), in a similar situation, is slashing 15% of its workforce, about 20,000 ...
President Donald Trump‘s top aides spilled the beans Wednesday about how they convinced him to back off his sky-high tariffs on China. They boasted to The Washington Post that they used data showing how his base of support—in particular truckers and longshoremen—would be hurt by the levies to change his mind.