China tariffs: Aides turned to Christmas cheer to get Trump to delay them
5 years, 4 months ago

China tariffs: Aides turned to Christmas cheer to get Trump to delay them

CNN  

CNN — As President Donald Trump’s trade advisers were searching last week for a strategy to forestall his threatened tariffs on China, they struck upon a novel approach: appeal to his Christmas cheer. “Whether you love me or hate me, you’ve got to vote for me.” Evolving economic team Video Ad Feedback While stocks tumble, Trump tweets 02:58 - Source: CNN The importance of the economy to his political future has long been an underlying theme of Trump’s discussions with his team, people familiar with the conversations said, even as the make-up of that team changes over time. Mnuchin, who headed the finance operation for Trump’s campaign, remains the President’s closest adviser on economic issues, according to people familiar with the team’s dynamics, even as Trump complains about the lack of progress on trade talks which Mnuchin oversees. Speaking on Fox News on Wednesday, Navarro called the tariff back-off Trump’s “Christmas present to the nation.” In the meetings, Trump also expressed hope the move would jolt US-China trade talks, which have proceeded haltingly since his meeting with Xi in June, much to Trump’s frustration.

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History of this topic

Trump tariff threats trigger supply chain ‘freak out’
1 week, 5 days ago

Trump tariff threats trigger supply chain ‘freak out’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President-elect Donald Trump’s continuing threats of massive tariffs are sparking …

'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs
2 weeks ago

'Would be heartbreaking': Retailers warn Trump could wreck next Christmas with toy tariffs

Raw Story  

President-elect Donald Trump is vowing to slap heavy tariffs on all foreign-made goods once he reassumes the presidency next year, and some retailers are warning that could be bad news for children who are expecting their favorite toys next Christmas. CBS News reports that The Toy Association, an industry organization, has found that nearly 80 percent of American toys are …

Trump's game, China's move
2 weeks, 3 days ago

Trump's game, China's move

China Daily  

Cai Meng/China Daily The Trump White House is likely to ignite another round of inflation in new trade and tech wars. Trump's triple inflation risks If the 2021-23 inflation surge in America killed Biden's second term by instigating widespread voter frustration, Trump's economic agenda is likely to pose a triple threat to US price stability. The second likely source of …

Trump's game, China's move
2 weeks, 3 days ago

Trump's game, China's move

China Daily  

Cai Meng/China Daily The Trump White House is likely to ignite another round of inflation in new trade and tech wars. Trump's triple inflation risks If the 2021-23 inflation surge in America killed Biden's second term by instigating widespread voter frustration, Trump's economic agenda is likely to pose a triple threat to US price stability. The second likely source of …

Trump's game, China's move
2 weeks, 3 days ago

Trump's game, China's move

China Daily  

Cai Meng/China Daily The Trump White House is likely to ignite another round of inflation in new trade and tech wars. Trump's triple inflation risks If the 2021-23 inflation surge in America killed Biden's second term by instigating widespread voter frustration, Trump's economic agenda is likely to pose a triple threat to US price stability. The second likely source of …

US-China relations: Beijing calls for reset in bilateral tieunder President Donald Trump
3 weeks, 2 days ago

US-China relations: Beijing calls for reset in bilateral tieunder President Donald Trump

Live Mint  

China’s top diplomat expressed hope on Tuesday that the incoming Trump administration would foster cooperative ties with Beijing, hours after former President Donald Trump remarked that the COVID-19 pandemic had strained his once-cordial relationship with Chinese President Xi Jinping, as per Reuters. “We hope the new U.S. administration will make the right choice and work with China in a mutually-beneficial …

US manufacturers are stocking up on imports ahead of tariffs
3 weeks, 5 days ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

China signals it’s prepared to double down on support for the economy as Trump tariffs loom
3 weeks, 5 days ago

China signals it’s prepared to double down on support for the economy as Trump tariffs loom

Associated Press  

BANGKOK — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. China’s economy has been growing slightly more slowly than the “about 5%” target leaders set for this year as a prolonged crisis in its real estate …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
4 weeks, 2 days ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

China to respond to Trump's 'tariff war' with 'supply chain war'
1 month, 1 week ago

China to respond to Trump's 'tariff war' with 'supply chain war'

Firstpost  

China is expected to use its dominant position in supply chains to respond forcefully with a ‘supply chain war’ to ’tariff war’ that US President-elect Donald Trump is expected to wage on China US President-elect Donald Trump waves next to Chinese President Xi Jinping after attending a business event at the Great Hall of the People in Beijing on November …

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
1 month, 1 week ago

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us

Firstpost  

Trump has little respect for America’s vaunted exceptionalism and does not get the tenets of strategic altruism. Trump’s threat of piling tariff on Canada, Mexico and China – America’s three largest trade partners – and his promise of enacting the executive order on Day 1 of his return to office has sparked a tsunami of reactions. In each case, however, …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
1 month, 1 week ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Wall Street’s response to more tariffs: Been there, done that
1 month, 1 week ago

Wall Street’s response to more tariffs: Been there, done that

Live Mint  

Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. His newly proposed 25% tariffs on imports from Canada and Mexico—the U.S.’s two largest trading partners—would add 0.8 percentage point to a key inflation gauge next year if just half of the costs are passed on to consumers, according to a Deutsche Bank analysis. The two countries, along …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
1 month, 1 week ago

Trump’s tariffs in his first term did little to alter the economy, but this time could be different

Associated Press  

WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on …

Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan, will American wallets suffer?
1 month, 1 week ago

Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan, will American wallets suffer?

Hindustan Times  

Jimmy Kimmel has laid out a potential flaw in president-elect Donald Trump’s plan to impose a 25% tariff on all imports from Canada and Mexico on the day he takes office. Jimmy Kimmel details shocking flaw in Donald Trump's tariffs plan However, Kimmel has pointed out that some of Trump's own merchandise was made in these countries. “If you want …

Live updates: Latest on Trump presidential transition news
55 years ago

Live updates: Latest on Trump presidential transition news

CNN  

Trucks wait to cross to the US next to the border wall at the Otay commercial crossing port in Tijuana, Baja California state, Mexico, on November 26, 2024. Guillermo Arias/AFP/Getty Images Anyone who had any doubt that Donald Trump’s love of tariffs is true should take note of his new promise, for Day 1 of his presidency, to slap products …

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories
1 month, 1 week ago

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chinese exporters are already looking at new markets …

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.
55 years ago

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.

Slate  

This article was originally featured in Foreign Policy, the magazine of global politics and ideas. But tariffs are also touted by Trump’s trade sherpas, such as former U.S. Trade Representative Robert Lighthizer, as a way to force manufacturing back to the United States by discouraging pricier imports. If tariffs are just a threatened big stick to get better trade terms …

Trump's tariff pledge for China drives dollar up, pushes most Asian markets down
1 month, 2 weeks ago

Trump's tariff pledge for China drives dollar up, pushes most Asian markets down

Firstpost  

US President-elect Donald Trump has warned that he would impose huge new tariffs on China, Mexico and Canada on his first day in office Asian markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a …

Trump tries to force other countries to negotiating table on immigration and trade with promise to hike tariffs
1 month, 2 weeks ago

Trump tries to force other countries to negotiating table on immigration and trade with promise to hike tariffs

CNN  

CNN — President-elect Donald Trump’s pledge to impose massive tariffs was an early warning shot to try to force the hand of allies and adversaries to come to the negotiating table on immigration and trade issues, a transition official told CNN. “We know what works.” Trump’s posts Monday on Truth Social appeared to be the opening act in a long-promised …

Trump can do a business deal with China
Trending News
1 month, 2 weeks ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
Trending News
1 month, 2 weeks ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
1 month, 2 weeks ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Spill-over of Trump’s anti-China trade stance
Trending News
1 month, 2 weeks ago

Spill-over of Trump’s anti-China trade stance

Hindustan Times  

Trump’s trade war with China had a global impact, affecting and benefiting countries. US President Donald Trump The US-China trade conflict reflects the US’ protectionism from China’s inroads in its economy and the global economy, which it believes is detrimental to its local jobs, industries, industrial innovation, and national security. Thus, the tit-for-tat trade moves resulted in raising import tariffs …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month, 2 weeks ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 3 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

China prepares to retaliate against potential trade war with Donald Trump
1 month, 3 weeks ago

China prepares to retaliate against potential trade war with Donald Trump

Firstpost  

China is reportedly preparing to counter potential US tariffs, setting the stage for an economic tit-for-tat that could further strain relations. China is preparing for potential retaliation against new tariffs if Donald Trump restarts the trade war upon his return to the Oval Office next year. China will strike back in the first rounds of another Trump trade war to …

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade
1 month, 4 weeks ago

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade

ABC  

In the eastern Chinese city of Yiwu, known as the "world's supermarket", traders were cautiously optimistic yet wary as a wave of orders rolled in before the United States presidential election. Trump's tariffs could impact the global economy Photo shows A illustration of US and Chinese flags covering currency Trump's victory has far-reaching global economic and market ramifications. For many …

Steve Madden to cut goods imported from China by up to 45% as it prepares for Trump’s tariff pledge
2 months ago

Steve Madden to cut goods imported from China by up to 45% as it prepares for Trump’s tariff pledge

Associated Press  

NEW YORK — Shoe brand Steve Madden will be cutting the goods that it imports from China by as much as 45% next year as it prepares for President-elect Donald Trump’s pledge to slap steep and sweeping tariffs on imports from other countries. But this time, he has gone much further and has proposed a 60% tariff on goods from …

China anxious as Trump victory may intensify trade wars
Trending News
2 months ago

China anxious as Trump victory may intensify trade wars

Firstpost  

China’s ambassador to the US, Xie Feng said that the differences between the two nations should be the driving force for exchanges and mutual learning rather than ‘an excuse for rejection and confrontation’, and that the successes of each were opportunities for the other There are no winners in tariff or trade wars, nor in wars over science and technology …

Trump tariffs will damage McDonald’s, Beijing warns US
2 months ago

Trump tariffs will damage McDonald’s, Beijing warns US

The Telegraph  

Donald Trump risks damaging some of America’s best-known brands if he pursues trade tariffs against China, the US has been warned, as Beijing unveiled a huge fiscal package to prop up the economy. Xie Feng, China’s ambassador to the US, warned the president-elect against introducing a 60pc tariff on imports from the country, saying there would be “no winner” in …

U.S. and China must 'get along', Xi tells Trump
Trending News
2 months ago

U.S. and China must 'get along', Xi tells Trump

Raw Story  

Chinese President Xi Jinping said Thursday Beijing and Washington must find a way to "get along" in a message to US president-elect Donald Trump, state media reported. In his first message to Trump since the former president secured a second term, Xi said "history has shown that China and the United States benefit from cooperation and suffer from confrontation", state …

ALEX BRUMMER: Trump tariff plans pose threat to growth
Trending News
2 months ago

ALEX BRUMMER: Trump tariff plans pose threat to growth

Daily Mail  

Detailed exit polling will eventually show why Republicans with Donald Trump on the top of the ballot were triumphant in the US election. Even though the Biden White House can claim success for growth, which hit 2.7 per cent in the third quarter, there was little cut-through for the Democrats. Tariffs: On the campaign trail, Trump proposed a 60% additional …

China is bracing for fresh tensions with Trump over trade, tech and Taiwan
2 months ago

China is bracing for fresh tensions with Trump over trade, tech and Taiwan

Associated Press  

TAIPEI, Taiwan — The first time China faced Donald Trump in the White House, there was a trade war, a breach of protocol involving Taiwan’s former leader, and a president-to-president bromance that turned sour. A new tariff war looms Perhaps the biggest consequence for China — if Trump stays true to his campaign promises — is his threat to slap …

How China Might Respond to Trump's Tariffs
2 months ago

How China Might Respond to Trump's Tariffs

Bloomberg  

00:00 Let's bring in Bonnie Glazer, managing director at the German Marshall Fund of the United States in the Pacific program. I mean, if there's a threat of tariffs here, do you think, you know, there's a people talk about there's a difference between the candidate Trump and what he will be as President Trump. We know he's talked about …

Xi Jinping congratulates Trump, here's what he suggests to President-elect to fix China-US relations
2 months ago

Xi Jinping congratulates Trump, here's what he suggests to President-elect to fix China-US relations

India TV News  

Beijing: Chinese President Xi Jinping congratulated President-elect Donald Trump on his election victory on Thursday and called for China and the US to find the right way to manage the differences by strengthening dialogue and communication. Xi, in his congratulatory message to Trump, called for the two countries to strengthen dialogue and communication, properly manage differences and expand mutually beneficial …

Market to drive China-US economic, trade ties forward
2 months ago

Market to drive China-US economic, trade ties forward

China Daily  

Regardless of the stance taken by the new US administration, market forces will ensure that China-US economic and trade cooperation continues to forge ahead, said Zhou Mi, senior researcher at the Chinese Academy of International Trade and Economic Cooperation, which is affiliated with the Ministry of Commerce. And that definitely means more cooperation because they do see the possibilities of …

Beijing reacts cautiously to Donald Trump’s presidential win, emphasises 'mutual respect' in US-China ties
2 months ago

Beijing reacts cautiously to Donald Trump’s presidential win, emphasises 'mutual respect' in US-China ties

India TV News  

Amid Donald Trump's historic victory in the recently concluded US polls, China on Wednesday exercised utmost caution in its statement regarding his win. Speaking to the media, Chinese Foreign Ministry spokesperson Mao Ning asserted that Beijing will continue to manage its relationship with the US in accordance with the principles of mutual respect. Notably, while carefully addressing Trump’s victory, the …

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout
5 months, 3 weeks ago

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout

ABC  

The blood-smeared face of Donald Trump, clenched fist raised against the background of the stars and stripes, may be the defining image of his campaign and an enduring portrayal of our times. US tariff rise Photo shows US President Donald Trump says he's ready to escalate the trade war with China President Donald Trump's latest tariff hike on Chinese goods …

Biden continues Trump’s trade war; US imposes major tariffs on China imports
7 months, 3 weeks ago

Biden continues Trump’s trade war; US imposes major tariffs on China imports

Hindustan Times  

Washington: With the stated objective of protecting American workers and businesses from “unfair Chinese trade practices”, the US increased tariffs on the import of steel and aluminium, semiconductors, electric vehicles, battery, battery components and critical minerals, solar cells, ship to shore cranes and medical products from China on Tuesday. A factsheet released by the White House on Tuesday said that …

Biden levies sweeping tariffs on China, intensifying trade fight with Trump
7 months, 3 weeks ago

Biden levies sweeping tariffs on China, intensifying trade fight with Trump

Live Mint  

WASHINGTON—One day after news broke that President Biden was planning to raise tariffs on Chinese electric vehicles to roughly 100%, Donald Trump moved to one-up his rival for the White House. Biden’s decision caps years of tortured debate within the administration over the tariffs Trump originally put in place on more than $300 billion in imports from China. “I don’t …

Biden attacks Trump with new China tariff announcement
7 months, 3 weeks ago

Biden attacks Trump with new China tariff announcement

Politico  

Still, Biden’s trade action leaves in place the tariffs that Trump imposed on more than $300 billion worth of Chinese during 2018 and 2019, despite pleas from many business groups for tariff relief. And he bragged about using export controls and other measures so “the most advanced American technologies we develop or invent … can’t be used by the Chinese …

Blinken raises Chinese trade practices in meetings with officials in the financial hub of Shanghai
8 months, 2 weeks ago

Blinken raises Chinese trade practices in meetings with officials in the financial hub of Shanghai

Associated Press  

SHANGHAI — U.S. Secretary of State Antony Blinken raised what the U.S. describes as unfair Chinese trade practices during his first full day of meetings in China on Thursday with local government officials in the financial hub of Shanghai. Blinken met with the city’s top official, Communist Party Secretary Chen Jining, and “raised concerns about trade policies and non-market economic …

America’s tough talk on trade balance
8 months, 4 weeks ago

America’s tough talk on trade balance

Hindustan Times  

There are no standout outcomes of United States treasury secretary Janet Yellen’s just-concluded visit to China, but it remains a crucial piece in the broader engagement between the two countries. In fact, a Biden-Xi call days before Yellen landed in Beijing was seen as a prologue of sorts to the visit, with the leaders appreciating the progress made on a …

Opinion: Three reasons China would be happier with Trump than Biden
9 months, 3 weeks ago

Opinion: Three reasons China would be happier with Trump than Biden

LA Times  

The month after former President Trump left office in 2021, Matt Pottinger, who had been the point man for China on Trump’s National Security Council, told me in an interview that had Trump stayed on for a second term, he might have moved to a “wholesale decoupling” of the U.S. economy from China. China not only isn’t worried about the …

Electioneering tariff talk belies the reality: China Daily editorial
10 months, 3 weeks ago

Electioneering tariff talk belies the reality: China Daily editorial

China Daily  

There has been plenty of hoopla about the effectiveness of tariffs when it comes to correcting what in the eyes of US policymakers is unfair trade imbalances. The previous Donald Trump administration initiated a trade war against China, imposing 25 percent additional tariffs on Chinese imports worth $300 billion in 2018. This is because, in US Trade Representative Katherine Tai's …

How Washington is bracing for Trump’s next trade war
11 months ago

How Washington is bracing for Trump’s next trade war

Politico  

The Republican presidential frontrunner is reportedly considering up to a 60 percent tariff on all imports from China and a 10 percent “universal” tariff on all other trading partners if he wins reelection in November. In a sign that even some of his own advisers don’t know what’s in Trump’s head, one former Trump trade official said the reported tariff …

Biden might soon ease Chinese tariffs, in a decision fraught with policy tension
2 years, 6 months ago

Biden might soon ease Chinese tariffs, in a decision fraught with policy tension

Live Mint  

WASHINGTON : President Biden is expected to roll back some tariffs on Chinese imports soon, a decision constrained by competing policy aims: addressing inflation and maintaining economic pressure on Beijing. Proponents of tariff reduction say it is important for Mr. Biden to show he is serious about fighting inflation, possibly by pausing tariffs on consumer goods purchased by American households. …

After Biden-Xi summit, what next for US-China trade war?
3 years, 1 month ago

After Biden-Xi summit, what next for US-China trade war?

Al Jazeera  

Reductions in tariffs possible down the line, but no return to pre-Trump status quo, analysts say. The virtual meeting between United States President Joe Biden and China’s leader Xi Jinping helped ease the growing tension between the two countries but did not make headway in resolving lingering US-China trade war disputes. Biden spoke briefly about China’s “unfair trade and economic …

What Happened to the China-US Focus on Trade?
3 years, 8 months ago

What Happened to the China-US Focus on Trade?

The Diplomat  

For much of the Trump administration, the central issue in China-U.S. relations was trade. The summary from China’s Ministry of Foreign Affairs likewise relegated economic ties to one point on a longer list of topics: “economy and trade, military, law enforcement, culture, health, cyber security, climate change, the Iranian nuclear issue, Afghanistan, the Korean Peninsula and Myanmar, etc.” This lack …

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