Xi, China and Trump
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President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days. Trump hailed the call as "positive," with both leaders inviting the other to visit their respective countries.
China has accused President Donald Trump of causing severe disruption to global supply chains after he doubled the United States' steel and aluminum tariffs to 50 percent. Trump hiked the Section 232 tariffs in a proclamation that took effect on June 4,
U.S. exports to China would likely have been $160 billion to $201 billion greater without the seven-year Trump-Biden trade war.
Minnesota business leaders and academic experts on how tariff whiplash impedes reliable business planning and long-term investment.
Retailers like Macy's and Target are reducing reliance on China amid Trump's trade war, restructuring supply chains to mitigate tariff impacts and potential price hikes.
So far, China has made no official public threat about weaponizing its dominant position in this segment of the pharmaceutical industry. But Trump’s tariffs on the sector, if imposed, could worsen existing drug shortages and drive up prices for Americans,
District Judge Jacqueline Corley ruled California should have sued in the Court of International Trade, which has jurisdiction over tariff disputes.
The DNC rolled out a taco truck outside RNC headquarters to troll President Donald Trump on tariffs, using the Wall Street term "TACO" – "Trump Always Chickens Out" – to spotlight how he's backed off from tariffs.