Trump tariffs push India
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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.
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.
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.
1hon MSN
China Supports India, Slams Trump Tariffs; Envoy Says, 'US Using Trade Pressure As Bargaining Tool'
China firmly stands with India against Donald Trump’s tariffs. Their growing closeness can, in part, be attributed to Trump’s repeated tariff threats. Strongly opposing the US move to impose a 50% tariff on India,
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.
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.
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.
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