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President Trump orders additional $200 billion in tariffs on Chinese imports

In response to China’s unwillingness to grant fair access to its markets for U.S. goods and forced turnover of American technology, President Donald Trump ordered the United States Trade Representative (USTR) to identify additional Chinese imports that will have a duty placed on them. “China has determined that it will raise tariffs on $50 billion worth of United States exports. China ...

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Here’s why Trump’s announcement of 25% tariff on Chinese goods won’t end in trade war

China Shipping Tanker

President Donald Trump announced Friday that his administration would levy tariffs against China in response to decades of unfair trade practices and theft of American intellectual property. China has threatened retaliation, but there is little chance for a full-blown trade war. “Trade between our nations, however, has been very unfair, for a very long time,” the president said in a ...

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Canada, Mexico, EU will miss out on America’s red-hot economy as they push trade restrictions

Donald Trump success

America’s closest trading partners are in danger of becoming former close trading partners at a time when the American economy is booming and trade revenues are set to skyrocket. Mexico threatened to punish U.S. hog farmers this week with a punitive tariff on some of their products. In reality, the measure will just make pork legs more expensive for the ...

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China Warns The US Will Not See Any Changes On Trade If Trump Pushes Ahead With Tariffs

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  by Ryan Pickrell China will not yield any ground or make any concessions on trade if the U.S. decides to implement President Donald Trump’s proposed tariffs, a Chinese statement carried by state media suggested Sunday. U.S. Secretary of Commerce Wilbur Ross arrived in Beijing Saturday for trade negotiations amid rising tensions between the U.S. and China. The Chinese delegation issued ...

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Trump slaps EU, Canada, Mexico with Aluminum tariffs, Steel restrictions

The Trump administration has worked for months to come to agreements to limit the dumping of aluminum and steel into the United States. While the U.S. has reached satisfactory trade agreements with a few nations on aluminum and steel imports, most will be hit with severe tariffs and restrictions beginning at Midnight Thursday night ending a 2-month exemption for those ...

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U.S. Technology Exports Totaled $322 Billion in 2017, Supported 800,000+ Jobs

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Exports of U.S. technology industry products and services grew by nearly $10 billion in 2017, to an estimated $322 billion, according to a new analysis released today by CompTIA, the world’s leading technology association. The “CompTIA Tech Trade Snapshot” also reveals that tech exports directly supported an estimated 805,000 jobs in 2016, the most recent year of available data. That’s nearly 14 percent of ...

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Trump To Hit China With Billions Of Dollars In Trade Penalties, White House Reveals

trump-and-china-war-of-words

  by Ryan Pickrell The Trump administration revealed Tuesday that it still intends to crack down on unfair Chinese trade practices, including the theft of American intellectual property, despite cooling trade tensions. To protect the so-called “crown jewels” of American technology and defend American interests against “harmful acts, policies, and practices that China uses to acquire our intellectual property,” the ...

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Trump Admin Launches Investigation Into Foreign Car Imports That May Have ‘Eroded’ US Industry

Top 10 new cars under 18000

  by Vandana Rambaran The Trump administration announced Wednesday that it will launch a national security investigation into car and truck imports that could result in new U.S. tariffs on vehicles from Europe, Japan, and South Korea. “There is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry,” Commerce Secretary Wilbur Ross said in a statement ...

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Treasury’s Mnuchin Says US Putting Trade War With China ‘On Hold’

Steven Mnuchin

  by Will Racke The U.S. and China are backing off threats to hit each other’s exports with tariffs while they work on a larger trade agreement, Treasury Secretary Steven Mnuchin said Sunday. “We are putting the trade war on hold. Right now we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin told Fox News ...

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Trade talks: China to substantially reduce U.S. trade deficit

China Shipping Tanker

A U.S. – China trade delegates met in Washington, D.C. and agreed that China would take “effective measures to substantially reduce the United States trade deficit” with the large Asian nation. “To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This ...

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Joint Statement of the United States and China Regarding Trade Consultations [Full Text]

Donald Trump and Xi Jinping

At the direction of President Donald J. Trump and President Xi Jinping, on May 17 and 18, 2018, the United States and China engaged in constructive consultations regarding trade in Washington, D.C. The United States delegation included Secretary of the Treasury Steven T. Mnuchin, Secretary of Commerce Wilbur L. Ross, and United States Trade Representative Robert E. Lighthizer. The Chinese ...

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