China, Trump and Trade Deal
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China, Factories Feel
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John Hamer, president of Rodgers Wade Manufacturing in Paris, Texas, makes store fixtures for big retailers like Ross Dress for Less and Ulta Beauty. He sources many of the goods from China, which until recently meant he paid 70% in tariffs on metal fixtures.
Boeing Co. delivered its first aircraft to a Chinese airline customer since President Donald Trump unleashed a wave of tariffs in early April, a sign of rapprochement as Washington and Beijing look to ease tensions.
Boeing (NYSE:BA) has restarted its aircraft deliveries to China, handing a new 787-9 Dreamliner to Chinese carrier Juneyao Airlines on Saturday, Reuters reported, citing Shanghai-based business news outlet Yicai.
US Trade Representative Jamieson Greer had said China had failed to roll back restrictions on exports of rare earth magnets. In the run-up to the talks, the Chinese Ministry of Commerce said on Saturday that it had approved some applications for rare earth export licences.
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China’s retail sales growth in May surprised to the upside Monday with the 6.4% year-on-year growth surpassing the 4.9% economists’ consensus. The number was all the more extraordinary considering oth
U.S.-Vietnam tariff talks on Chinese tech urge Hanoi to reduce dependence on Beijing-made parts in exports ahead of July 8 deadline.
It makes sense that in the near term, Trump would want to restore access to these important resources. But in the long run, America must develop its own supplies.
Here are all the tariffs, counter-tariffs, dealmaking, and deal-breaking between the world’s two biggest economies.
By Lisa Baertlein LOS ANGELES (Reuters) -Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May and could remain muted through the remainder of 2025, after companies responded to President Donald Trump's 145% tariffs on China by canceling or putting holds on shipments,