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New York Magazine on MSN6h
How Many Times Will Trump Backtrack on Tariffs?In less than four months, the trade-warring president has announced new tariff policies at least 50 times, and many of them just reversed the others.
The Asia-Pacific Economic Cooperation's trade gathering comes to a close on Friday with divisions over U.S. tariffs and reforms to the world trade body putting the adoption of a joint statement in doubt,
Trump appeared to reference Apple's vow in February to invest $500 billion in the U.S over the next four years, which the company says will go toward additional hiring and a new server factory in Texas.
China has taken aim at a new U.S. rule against use anywhere in the world of Ascend computer chips made by Huawei Technologies.
While many economists are saying the risk of an imminent recession has diminished since China and the United States agreed to lower tariffs earlier this week, JPMorgan Chase’s CEO, Jamie Dimon, is still penciling one in.
Beginning Wednesday, shipments arriving in the United States from China and Hong Kong worth less than $800 could face 54 percent tariffs.
Shein has reduced its US retail prices following a temporary decrease in import duties on Chinese goods by the Trump administration. This move aims to attract American consumers who were put off by recent price increases.
A wave of protests over factory closures in China in recent weeks appeared to show the impact of U.S. tariffs on a highly exposed sector that employs millions. The demonstrations, a reflection of the export-driven economy's early pain,
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