Trump on China Trade Talks
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U.S. seaborne imports of goods from China dropped 28.5% year-over-year in May, the sharpest decline since the pandemic, as President Donald Trump's 145% tariffs took hold, supply chain technology provider Descartes said on Monday.
The new tariff on Chinese imports was 34%. For Cambodia, the new tariff rate was 49%. Vietnam: 46%. Thailand: 36%. Indonesia: 32%. Malaysia: 24%. Those rates weren't based specifically on transshipment of Chinese products but on the size of the trade deficit in goods each country has with the US. The larger the deficit, the higher the tariff.
Top-ranking officials from both the US and China are meeting for a second day of trade negotiations on June 10 at Lancaster House in London, a historical site that has long been a stage for international treaties.
China extended on Tuesday a high-profile investigation into imported pork from the European Union by six months, days before it was due to wrap up and as negotiators from Brussels and Beijing carve out a deal over the bloc's electric vehicle tariffs.
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U.S. stocks drifted just below their all-time high as the wait continues to hear what will come of trade talks underway between the United States and China.
That's the total value of pharmaceuticals China imported last year, up from $27 billion in 2017. Despite Beijing's drive for economic self-sufficiency, it has continued to welcome U.S. medical supplie
Marketplace has been following Lei’s business since 2018, just before President Trump imposed tariffs in his first term. Not only did his business survive the extra levies, but Lei said the percentage of his sales to the U.S. went up from 50% in 2018 to 70% at the start of this year.
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BuzzFeed on MSNThis Woman Is Showing The Effects Of The Tariff War In China, And Hooooo Boy You Are Not Ready For This"Hello from China. So, I'm in a grocery store right now, and I wanted to show you how the American tariffs are affecting Chinese customers."
Toronto resident Krista Jang showed off her “haul” on the False Creek Fishermen’s Wharf in Vancouver — a bag of sweet and meaty spot prawns, live and kicking and fresh off the boat. The actress was raised in Vancouver and spot prawn season is one of the things she misses most.
As a result of that production shift, the south-east Asian country’s trade surplus with the US ballooned, crossing $125bn last year and ranking third after China and Mexico. The Trump administration imposed a 46 per cent tariff on Vietnam in April — one of the highest after China — before pausing the levy pending trade negotiations.