Category: Uncategorized

President Trump has placed a 20 percent tariff on goods imported from the country, effective Aug. 1.

The Trump administration has dialed back aggressive measures against China and reversed its position on technology controls as the president angles for a Chinese trip later this year.

Details are still scarce on the agreement, which the president said will partly walk back some of the steep tariffs he threatened on the country last week.

New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.

The tariffs will add to the price of a grocery store staple for many Americans, while funneling more business to domestic tomato growers, largely in Florida.

The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long feared.

Ken Kies, a longtime tax lobbyist who worked for some of the world’s largest businesses, is now running the Treasury Department’s office that will administer Trump’s tax law.

The president has earned a reputation for bluffing on tariffs. But he has steadily and dramatically raised U.S. tariffs, transforming global trade.

Most nations are still negotiating in hopes of avoiding punitive import taxes. At the same time, they’re looking for trading partners as a way around the United States.

The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.