China, Trump and tariffs
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The New York Times |
China showed that it has no intention of backing down in the trade war that Mr. Trump began this week with his own steep tariffs on imports from around the world.
Reuters |
The U.S. tariffs on goods imported from Mexico and Canada will not be affected by the 90-day pause on tariffs announced by President Donald Trump on Wednesday, a White House official said.
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The initial justification for the off-again, on-again tariffs on Canada and Mexico — as well as tariffs on China, which are in effect — cited what the White House said was these countries’ failure at “stopping poisonous fentanyl and other drugs from flowing into our country.
Trump announced a 90-day pause on most country-specific tariffs, but left other duties in place. Here's a look at where things stand and what could happen next.
The U.S. tariffs on transshipment countries like Vietnam and Cambodia are so steep that they could force a major reassessment of global supply chains.
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Lancaster Eagle-Gazette on MSNiPhones, Shein and toys among items potentially impacted by US-China tariff warChinese imports are being taxed at 104% and U.S. exports to China could face a 84% tariffs starting Thursday. The de minimus exemption is also ending.
The country got hit in the early days of Trump’s trade war, but now it looks more attractive amid steep new levies on low-cost manufacturing rivals such as China and Vietnam.
About 87% of the avocados being imported to the US come from Mexico. After Trump's Liberation Day orders, the popular fruit will still come tariff-free.