ustr
Latest
US cancels plans for new penalty tariffs on Chinese-made products
This morning the president tweeted that "We have agreed to a very large Phase One Deal with China........The Penalty Tariffs set for December 15th will not be charged because of the fact that we made the deal." The 15 percent tariffs that would have raised prices on Chinese-made items --including consumer electronics products like iPhones and laptops -- had already been delayed during negotiations, and now won't go into effect at all.
US targets Chinese tech with a 25 percent tariff
Donald Trump has slapped a 25 percent tariff on $50 billion worth of Chinese goods, significantly ramping up trade tensions between the nations. The tariff applies to "industrially significant" goods in sectors like aerospace, information tech, robotics and machinery, but not on consumer goods like smartphones or TVs. "The United States can no longer tolerate losing our technology and intellectual property through unfair economic practices," Trump said in a statement.
