Tariffs

Administration officials said negotiations are underway and could yield positive results to reduce trade barriers and tariffs.

Despite the poor performance, official data reported a 5.9 percent year-over-year growth for March, causing eyebrows to raise among many Chinese netizens.

White House press secretary Karoline Leavitt earlier on Tuesday criticized the company over the reported plan.

Beijing’s refusal to resolve the standoff with Washington limits its ability to tackle challenges at home, according to analysts.

Automakers paying tariffs would not be charged other levies, such as those on steel and aluminum.

This is below President Donald Trump’s estimate of $3 billion per day.

Trump has been looking to extend his 2017 tax cuts, which are set to expire later this year.

The United States is reshaping the global economic and political landscape through its trade conflict with the Chinese regime, an analyst said.

Economic observers are paying attention to the state of the consumer.

Treasury Secretary Scott Bessent says the high-level meeting was ’very successful.’

‘It’s a strange time in the logistics world,’ one industry expert said.

The Trump administration plans to announce new tariffs in the coming weeks.

The White House has confirmed that tariff exemptions for automakers are being considered, amid concerns over their economic impact.

The lawsuit is the latest legal challenge against the tariffs.

The United States incurred a $1.8 trillion national deficit in fiscal year 2024, the largest this century except for in 2020 and 2021.

With up to 245 percent U.S. tariffs, Chinese manufacturers are losing orders from foreign buyers and trying to find ways to offload their goods.

The plaintiffs said Trump’s sweeping tariffs would harm their ‘reputation and goodwill to customers’ because they would need to raise prices.

‘When decisions on tariffs are made, they will come directly from the president. Anything else is just pure speculation,’ an official said.

African governments have appointed special envoys to be dispatched to Washington to negotiate with President Trump’s representatives before the July 9 deadline.