Trump, tariffs
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Throughout Asia, the source of about 40 percent of U.S. imports, countries have little to show for weeks of talks trying to finalize deals.
Shares in furniture retailers were falling on Friday after President Donald Trump said his administration would impose fresh tariffs on kitchen cabinets, bathroom vanities, and upholstered furniture.
The European Union and Japan expressed confidence on Friday that they had secured limits on U.S. tariffs on pharmaceuticals, which President Donald Trump said he would impose next week at a rate of 100%.
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,
Dan Kleban, a Democrat running in Maine's Senate race, told Newsweek he wants to show voters that the "American dream isn't dead."
In China's "Furniture Kingdom" of Lecong, home to a strip of cavernous malls, vendors shrugged off the latest round of tariffs from Washington, saying they've long given up on the U.S. market.
The U.S. is set to lower European car tariffs to 15%, according to a government filing Wednesday, following through on a pledge that stems from the broader US-EU trade deal announced
President Trump announced on Thursday new tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs, unless the producer is building a manufacturing plant in the US.