US China Trade

White House says China trade deal reached after ‘productive’ talks

The Trump administration said on Sunday it has struck a trade deal with China after two days of negotiations in Geneva.

The announcement comes after U.S. and Chinese officials met in Switzerland to discuss the ongoing trade war.

“I’m happy to report that we made substantial progress between the United States and China in the very important trade talks,” Treasury Secretary Scott Bessent said in a statement from the White House. “We will be giving details tomorrow, but I can tell you that the talks...

https://www.freightwaves.com/news/white-house-says-china-trade-deal-reached-after-productive-talks

Trump may cut tariffs on China imports to as low as 50%: Report

The Trump administration is considering slashing the 145% tariff on Chinese imports to as low as 50%, the New York Post reported on Thursday.

In addition, import duties on neighboring South Asian countries could be cut to as low as 25%, a source added.

“They are going to be bringing it down to 50% while the negotiations are ongoing,” an unidentified source told the Post.

The White House dismissed the report as conjecture.

“When decisions on tariffs are made, they will come directly from the...

https://www.freightwaves.com/news/trump-may-cut-tariffs-on-china-imports-to-as-low-as-50-report

Trump says tariffs on goods from China will ‘come down substantially’

President Donald Trump said tariffs on Chinese goods will “substantially” decrease, “but it won’t be zero” amid an ongoing trade war between the world’s two largest economies.

Trump’s remarks, made at a White House news event Tuesday, struck a softer tone after weeks of tit-for-tat tariff retaliations that set duties on most imports from China at 145%, with some as high as 245%.

“Ultimately, they have to make a deal, because otherwise they’re not going to be able to deal in the United States, and...

https://www.freightwaves.com/news/trump-says-tariffs-on-goods-from-china-will-come-down-substantially

China hits US with tariffs, rare earth export controls

China will impose a 34% tariff on imports of all U.S. products beginning next Thursday, the country’s Customs Tariff Commission said Friday.

The new tariff matches the rate of U.S. “reciprocal” tariffs that President Donald Trump announced on Wednesday, claiming China has imposed duties and other measures on American goods that amount to a 67% trade barrier.

“China firmly opposes this and will take countermeasures to safeguard its own rights and interests,” China’s Commerce Ministry said in a stat...

https://www.freightwaves.com/news/china-hits-us-with-tariffs-rare-earth-export-controls

China stops importing liquefied natural gas from US due to tariffs

China has halted imports of liquefied natural gas from the U.S. for the past 40 days amid an escalating global trade war since President Donald Trump took office, reported Bloomberg.

The purchase freeze was the result of Trump’s imposing an additional 10% tariff on all Chinese imports on Feb. 2. In response, China imposed 15% tariffs on U.S. LNG imports and a lower tariff on crude oil imports.

China is the world’s largest buyer of LNG. The U.S. is the top global LNG shipper but was the No. 4...

https://www.freightwaves.com/news/china-stops-importing-liquefied-natural-gas-from-us-due-to-tariffs

Canada, China and Mexico strike back as Trump’s tariffs go into effect

President Donald Trump hit imports from Canada and Mexico with 25% tariffs overnight, alongside an additional 10% tariff on goods from China imposed Monday.

The import duties are aimed at forcing more cooperation from Canada, China and Mexico on stopping illegal immigration and drug smuggling into the U.S., Trump said.

Mexican President Claudia Sheinbaum announced Tuesday that her government plans to respond to the U.S. tariffs with its own tariff and nontariff measures starting Sunday.

Canadian...

https://www.freightwaves.com/news/canada-china-and-mexico-strike-back-as-trumps-tariffs-go-into-effect

Trump raises tariffs on Chinese goods another 10%

President Donald Trump signed an executive order Monday to raise tariffs on imports from China by an additional 10%, while reaffirming tariffs on goods from Canada and Mexico will go into effect Tuesday.

Trump’s order said Chinese imports will now face 20% tariffs “over their failure to address the fentanyl pouring into our country,” according to a post on X.

Authorities in China are formulating countermeasures in response to the U.S. tariffs, according to The Global Times, a newspaper of China’s...

https://www.freightwaves.com/news/trump-raises-tariffs-on-chinese-goods-another-10

Canada, Mexico tariffs a ‘fluid situation,’ Commerce head says 

President Donald Trump plans to go forward with import tariffs on Canadian and Mexican goods on Tuesday, possibly starting a North American trade war.

The import duties are aimed at forcing more cooperation from Canada and Mexico on stopping illegal immigration and drug smuggling into the U.S., Trump said.

The Trump administration said tariffs will be imposed, despite a boost in border security and a diplomatic push by both Canadian and Mexican officials to finalize an agreement before the...

https://www.freightwaves.com/news/canada-mexico-tariffs-a-fluid-situation-commerce-head-says

Trump, Commerce head differ on start dates for tariffs on Canada and Mexico

The White House said it still plans to implement 25% tariffs on imports from Canada and Mexico starting next week — despite comments from President Donald Trump on Wednesday that the tariffs would be delayed until April 2.

“April 2 … for everything,” Trump said during a televised Cabinet meeting in the White House, when asked about the planned tariffs on the North American countries. “I’m not stopping the tariffs. Millions of people have died because of the fentanyl that comes over the border.”

Me...

https://www.freightwaves.com/news/trump-commerce-head-differ-on-start-dates-for-tariffs-on-canada-and-mexico

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