Trump States 80% Tariff on China ‘Feels Appropriate’
President Donald Trump indicated he would approve 80% tariffs on imports from China, stating that Treasury Secretary Scott Bescent would manage negotiations. Trump commented, “An 80% tariff on China seems appropriate! Until Scott B,” in a social media post Friday morning. Last month, the administration announced plans to increase tariffs on goods from China to […]
Trump suggests an 80 percent tax on imports from China
President Trump announced on Friday that the U.S. could reduce tariff pressure on China, cutting the import tax from 145% to 80%. “China’s 80% tariffs seem right! Until Scott B,” Trump mentioned in a post regarding Treasury Secretary Scott Bescent, hinting at future discussions. The suggested new tariff rates align with Trump’s earlier idea of […]
Trump believes 80% tariffs on China ‘seems right’ before important US-Beijing trade discussions.
President Trump expressed that 80% tariffs on Chinese products “seems to be right,” as top officials from both the U.S. and China are set for high-level discussions this weekend aimed at resolving the ongoing trade conflict between the two largest economies. In a post on his social media platform, Trump stated, “China should open a […]
Xi of China joins Putin at Russia’s Victory Day parade
Xi Jinping and Vladimir Putin Mark a Historic Event Together On Friday, Chinese President Xi Jinping was seen alongside Russian President Vladimir Putin during a significant event commemorating the 80th anniversary of Nazi Germany’s defeat in World War II. The occasion involved a display of over 180 military vehicles, including tanks and artillery characteristic of […]
US and China to Discuss Current Status of Trump’s Tariffs Conflict
Officials from the US and China are set to meet this weekend in Geneva for their first formal discussions aimed at addressing a challenging tariff war that could impact millions and disrupt global markets and supply chains. Here’s a look at how trade relations between these two economic giants are progressing. What steps have been […]
Sales from China to the US Decline Due to Trump’s Tariff Conflict
Last month, China reported that its total exports exceeded projections even as trade with the US came to a standstill. This halt follows the imposition of tariffs by President Donald Trump, which were initially a response to concerns about China’s influence on the fentanyl crisis. Currently, tariffs on many Chinese goods have escalated to 145%, […]
China and Russia promise to strengthen their relationship while criticizing the US on Victory Day.
China and Russia have reaffirmed their “no-restriction” partnership in a statement released prior to a military parade in Russia on Friday. This declaration came during President Xi’s visit to Moscow, marking the 80th anniversary of the end of World War II. Xi and Russian President Vladimir Putin—who celebrates Victory Day on May 9—remarked that “Certain […]
Lawmakers urge tech executives on AI and energy competition with China
Leaders from Silicon Valley gathered on Thursday with Congressional representatives, where Republican lawmakers emphasized the need for prioritizing innovation rather than regulation. Over the course of three hours, four significant tech figures, including OpenAI CEO Sam Altman, presented ideas to senators aimed at maintaining an edge over China in the artificial intelligence (AI) sector. Altman […]
US considers reducing tariffs on China to 50% as early as next week, according to sources.
The administration is currently considering a significant reduction in tariffs on Chinese imports, possibly lowering them from 50% to 54% as early as next week. Discussions are underway among US officials about this adjustment, with a commitment to engage in extensive consultations aimed at reaching a trade agreement. In a related move, tariffs on neighboring […]
U.S. Ambassador to China David Perdue Takes Oath Right Before Important Talks
David Perdue Sworn in as US Ambassador to China On Wednesday, Secretary of State Marco Rubio administered the oath of office to David Perdue, who has been appointed as the US ambassador to China. This event took place just days prior to a crucial meeting between the United States and China. Perdue, a former Republican […]