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
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 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
As the trade war continues China implemented an additional 84% tariff on its levies on U.S. imports.
Read More China Hits U.S. Imports With 84% Retaliatory Tariffs In Escalating Trade War
President Donald Trump has released a statement, encouraging Americans to have patience through the implementation of tariffs he says are necessary to restore fairness in America’s trade abroad.
Read More Trump Tells Americans To ‘Hang Tough’ On Tariffs Plan Amid Stock Market Turmoil
The latest jobs report for the month of March came in higher than expected as the Trump administration has applauded the newest numbers.
Read More March Jobs Report Beats Expectations With 228K New Positions