Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
Most levies on imported cars and car parts will remain in place, but automakers have secured some relaxation of the trade policy.
But the effects of the levies, which have created uncertainty for businesses, have not yet been fully felt.
Despite his administration’s lack of concern about climate change, a recession would give the atmosphere a break. At least in the short term.
Market chaos and economic uncertainty has been a feature of the president’s first few months back in office. DealBook breaks down the milestones, and what to expect next.
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
Howard Lutnick, the secretary of commerce, has become a go-to for major companies seeking relief from tariffs. But he’s not always friendly to their interests.
The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.
The cases are the latest test of the president’s expansive claims of executive power.
Medicines and chemicals are huge exports for European Union countries. That makes the sector a weak spot as trade tensions drag on.
The Trump administration has been saying that the two countries are engaged in talks to resolve the dispute, but Beijing asserts that no such discussions are happening.