WASHINGTON — The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said Tuesday that it is still planning...
New Mexican Tariffs Put US Companies in the Crossfire
The surprise announcement by President Donald Trump of an escalating tariff regime against Mexico sent ripples through almost every economic sector in the U.S., hammering American companies that sell automobiles or run railroads, grow vegetables or build power infrastructure. Trump tweeted late Thursday that he is slapping a 5% tariff...
Trump Hitting Mexico with 5% Tariff in Response to Migrants
WASHINGTON — President Donald Trump says he is slapping a 5% tariff on all Mexican imports to pressure the country to do more to crack down on the surge of Central American migrants trying to cross the U.S. border. The tariff is effective June 10. The president says the percentage...
Economy Grew at Solid 3.1% Rate in Q1; Slowdown Expected
WASHINGTON — The U.S. economy grew at a solid 3.1% rate in the first three months of the year, but much of that gain was based on temporary factors that will likely fade, leaving growth much slower in the current quarter. The Commerce Department said Thursday that the first quarter...
US Targets $300 Billion of Chinese Goods for New Tariff Hikes
BEIJING — U.S. officials listed $300 billion more of Chinese goods for possible tariff hikes while Beijing vowed Tuesday to "fight to the finish" in an escalating trade battle that is fueling fears about damage to global economic growth. The U.S. Trade Representative's Office issued its target list after Beijing...
Trade Battle: China Raises Tariffs on $60 Billion in U.S. Goods
BEIJING — Deepening its trade battle with the U.S. and sending financial markets spinning, China announced tariff hikes Monday on $60 billion of American goods in retaliation for President Donald Trump's latest penalties on Chinese products. Punitive charges of 5% to 25% on thousands of American products including batteries, spinach...
Tariffs Will Send Tomato Prices Soaring in US, Mexico Says
MEXICO CITY — Mexico's Economy Department says U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports. The Mexican agency says the country exports about $2 billion in tomatoes to the United States and supplies about...
Trade War Escalates as China Announces Tariffs on US Imports
BEIJING — The U.S.-China trade war escalated further Tuesday, with China announcing retaliatory tax increases on $60 billion worth of U.S. imports, including coffee, honey and industrial chemicals. The increases are in response to the U.S. announcing it will impose tariffs on $200 billion worth of Chinese-made goods starting next...
Americans Harbor Doubts About Trump’s Tariffs: Poll
WASHINGTON — Fewer than half of Americans expect President Donald Trump's tariffs to do much to help the U.S. economy, but their widespread unpopularity hasn't led most Republicans to stray from supporting the president's trade policy as the 2018 midterm elections approach. Majorities of Americans also doubt the recently announced...