Trump slaps 100% tariffs on drugs, trucks and furniture
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China has opened an investigation into whether import tariffs being imposed by Mexico are a trade and investment barrier. Mexico plans to impose taxes as high as 50% on more than 1,400 products from Asia to protect factories at home,
The United States should remove what China described as unreasonable tariffs and create conditions to expand bilateral trade, a Chinese commerce ministry spokesperson said on Thursday when asked if China would purchase U.
China’s has initiated a trade investigation into the higher tariffs Mexico plans to impose on some Chinese products.
Last year, China bought $12.6 billion in U.S. soybeans. This year, it’s zero according to the United States Department of Agriculture.
In response to a tariff war waged by President Donald Trump during his first term, China imposed tariffs on American farm products of up to 25%. It suffered little, finding other sellers instead. Mr Trump eventually agreed to a deal that involved China pledging to buy more American goods,
Opinion
The National Interest on MSNChina Has Weaponized Battery Production Against the United States
China has dominated the global battery supply chain through non-market practices, posing a threat to US economic and national security.
President Donald Trump said Thursday that the United States would give proceeds from tariff revenues to farmers. “We’re going to take some of that tariff money and give it to our farmers,” Trump said at the White House.
In July, Senate Democrats accused Trump of “ceding global leadership to China,” citing the trade war and retreat from engagement through aid and media cuts. A Pew Research Center survey found favorable views of Beijing at a six-year high of 32% in wealthy nations, while approval of the US fell to 35%, the lowest since 2017.
Whether or not the government shuts down in a week, the United States is confronted with a series of potentially explosive and very dangerous crises.
Cryptopolitan on MSN
China becomes dominant external power in Southeast Asia ahead of the US
Tariffs, aid cuts, and visa limits tied to Donald Trump’s foreign policy are weakening U.S. standing in Southeast Asia, while China’s pull keeps growing, the Sydney-based Lowy Institute said in a report released Wednesday.