China, Trump and trade deal
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Boeing (NYSE:BA) has restarted its aircraft deliveries to China, handing a new 787-9 Dreamliner to Chinese carrier Juneyao Airlines on Saturday, Reuters reported, citing Shanghai-based business news outlet Yicai.
How much? Trump, in a post on Truth Social, said the U.S. is “getting a total of 55% tariffs.” A White House official told MarketWatch that there are no new tariffs at the moment, and that the number includes 20% tariffs on fentanyl, a 10% “reciprocal” tariff and then an average level of 25% for tariffs that were already in place before this year.
The president said he and Chinese President Xi Jinping still need to sign off on a preliminary deal, even though he called it "done."
Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration. Returning to the White House this year,
2don MSN
President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies.
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An interim trade deal between the U.S. and China will keep high tariffs in place between the two countries, President Donald Trump said Wednesday on social media.
Furniture and bedding from China have been among the top areas where higher tariffs on goods from China have begun to impact consumer prices, according to a new chart from TD Securities. Other areas,
West Coast ports handle a significant percentage of China shipments and suffered large year-over-year volume hits in May. In California, Long Beach imports dropped 20.9% and Los Angeles fell 8.5%. In the state of Washington, Seattle was off 17.3% and Tacoma plummeted 39.4%.
The Trump administration is “highly likely” to extend next month’s deadline for countries to agree one-for-one trade deals — so long as they are engaged in “good-faith negotiations,” Treasury Secretary Scott Bessent told lawmakers Wednesday.