China backed India amid Trump's 50% tariff threats
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Treasury Secretary Scott Bessent indicated the US is satisfied with the current tariff set up with China, a signal the Trump administration is looking to maintain calm with its economic rival before a trade truce expires in November.
A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended.
Chinese Ambassador Xu Feihong said that the US had long benefited from free trade but was now using tariffs as bargaining chips. He stated that the US had imposed tariffs of up to 50% on India and that China firmly opposed it.
BEIJING/KUALA LUMPUR (Reuters) -Chinese President Xi Jinping is unlikely to attend a major summit of Asian leaders in October, two people familiar with the matter said, dashing expectations of a potential meeting with U.
Scott Moe, premier of the western Canadian province of Saskatchewan, said on Thursday that he would travel to Chinasoon for talks on persuading Beijing to drop its new tariffs on canola.
China’s small and medium companies are rushing shipments, raising prices, and shifting supply chains as the U.S.-China trade outlook remains uncertain.
New bipartisan legislation aims to get “skin in the game” on trade and tariffs. The post Lawmakers take on China with new tariff bill appeared first on FreightWaves.
Scott Moe, premier of the major grain-growing Canadian province of Saskatchewan, said on Thursday he will travel to China soon for talks to persuade Beijing to drop new tariffs on canola.