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’
President Donald Trump stated that Japan is set to kick off tariff negotiations with the U.S. in Washington, D.C., on Wednesday, making them one of the first nations looking to test the president’s willingness to pull back on sweeping tariffs.
Read More Japan To Begin Tariff Talks With Trump Admin In Washington, D.C.
President Donald Trump has announced that semiconductors and chips imported into the United States will be hit with specific tariffs, adding that the tariff percentages for the products will be announced within the week.
Read More Trump Unveils New Tariffs On Foreign Electronics, Boosting U.S. Chip Industry