The Chinese government vowed to retaliate against the United States if President Donald Trump does not walk away from his threat of imposing 100% tariffs on Chinese imports due to Beijing’s newly introduced restrictions on rare earth exports.
Read More China vows to retaliate if Trump doesn’t walk back 100% tariff threat as trade war heats back up
The Trump administration is reportedly planning a sweeping financial aid package for U.S. farmers, according to multiple sources familiar with the discussions. However, the timing and structure of the aid remains uncertain, as the government shutdown continues to delay the rollout.
Read More Trump admin considering $10B Farm Relief Plan, but timing remains unclear with govt shutdown
New reports have indicated that China’s exports to the U.S. plummeted in May. This sharp declines comes as a temporary truce between the world’s two largest economies arrived “too late” to prevent major port disruptions.
Read More Chinese exports to U.S. plummet 35% in May — biggest decline since COVID began
President Donald Trump announced Friday that the White House will be informing other countries about how much they will be tariffed via letters and what they will be required to pay on exported goods to the United States.
Read More Trump: U.S. To Notify Hundreds Of Countries Of New Tariff Rates—‘They’ll Be Paying To Do Business’
The Trump administration has cut tariffs on cheap Chinese goods from certain shopping sites like Shein and Temu to as low as 30%.
Read More Report: U.S. Reduces Tariffs On Temu And Shein Shipments To As Low As 30%
President Donald Trump announced Thursday that the U.S. has reached a major trade deal with the UK, making it the first since Trump announced his sweeping tariffs in April.
Read More Trump Unveils U.S.-U.K. Trade Deal Framework, Promises ‘No Red Tape’