Tag: Customs (Tariff)

Here’s the Trade Deal That Trump and Xi Should Have Reached

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With some family gatherings, the best you can hope for is that no one gets drunk and starts a fistfight. Expectations when President Trump and China’s leader, Xi Jinping, met on Thursday and Friday were similarly low — and they were met. Mr. Trump had some warm words about the duo’s “fantastic future” and how the Chinese would buy American goods, but the meeting ended without clear progress toward resolving the two sides’ trade disagreements. The result was like a host saying brightly, “It’s so nice when you all get…

China Indicates Tariffs Were Discussed at Trump Summit

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The Chinese government indicated on Saturday that the United States and China had discussed the issue of tariffs during President Trump’s visit to the country this past week, seemingly contradicting statements a day earlier by Mr. Trump, who said that tariffs were not discussed. A spokesman for the Chinese Ministry of Commerce said in a briefing on Saturday that the countries had agreed in principle to reduce tariffs on a set pool of products that were “of concern to each side.” It said that the countries had agreed to set…

Xi Pitches His Vision for Avoiding Conflict With the U.S.

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China’s leader, Xi Jinping, has spent the last year standing up to President Trump. He met triple-digit tariff with triple-digit tariff and restricted rare earth exports, forcing the Trump administration to back down. Both sides suffered, and so did the global economy. But having made his point, and established China as America’s peer, Mr. Xi is now pivoting from retaliation to conciliation. At a summit in Beijing this week that he billed as historic, Mr. Xi offered Washington a choice: Accept China as an equal power with red lines that…

What to Watch at Trump and Xi’s U.S.-China Summit

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The summit between the leaders of the United States and China in Beijing this week represents a pivotal moment for a global economy that has been upended by war and trade tension over the past year. President Trump and China’s top leader, Xi Jinping, will have a full agenda to cover, as the world’s two largest economies look for ways to cooperate on geopolitical matters and tamp down differences over tariffs, export controls, Taiwan, sanctions and purchases of American farm products. Mr. Trump will be seeking to open China’s market…

Trump Administration Pushes Forward With Tariffs Based on Forced Labor Laws

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The Trump administration has taken a novel approach as it looks for ways to issue new tariffs to replace the levies invalidated by the Supreme Court. It began a new trade investigation in March that targets 59 countries and the European Union with potential tariffs unless they pass laws that ban imports of goods made with forced labor. In two days of hearings about the investigation in Washington this week, human rights officials and company executives generally praised the move, saying it was likely to bring about a major expansion…

The Town That Reveals All of Trump’s Bad Economic Ideas

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The first time I set foot in Hickory, a small city at the foot of the Blue Ridge Mountains in North Carolina, the area’s beauty hid its sorrow. Forests rich in oak, maple and pine have given birth to dozens of furniture companies that employ thousands of workers. Hickory’s factories craft the kind of heavy, solid American furniture that is meant to last generations. But everything changed in 2001, when China joined the World Trade Organization. The surge in Chinese imports devastated Hickory and other small factory towns like it.…

Trump Says His Unpredictable Style Gives Him Leverage. But It Has a Cost.

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President Trump, who considers himself a master deal maker, has never made any secret of his belief that the secret to winning at negotiation is to keep the other side off balance. But a year into his second term, his act is starting to wear on both allies and adversaries, some of whom are starting to view him as so mercurial and unreliable that they appear willing to consider waiting him out or turning away from him rather than enduring the abrupt starts, stops and humiliations that can accompany engaging…

Gaming Out the Price of a Trump Trade Deal With China

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Andrew here. We’re digging deeper into President Trump’s tariff talks with China, which have been postponed for another 90 days. (Some critics are calling it another TACO — short for “Trump Always Chickens Out” — moment.) We’re also still thinking about the implications of the deal Trump reached in which Nvidia will pay 15 percent of revenue from A.I. chip sales to China. Will Beijing view this as state-sponsored capitalism? Will Nvidia — and by extension companies like Apple and Tesla — no longer be viewed as independent businesses but…

Tracking Trump’s Tariffs: Rates for China, the E.U. and More

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MapSize by 2024 imports MapSize by 2024 imports MapSize by 2024 imports MapSize by 2024 imports 10% 20% 54% 104% 145% 30% Feb. 1 March 4 April 2 May 12 Canada 2021 ’21 2022 ’22 2023 ’23 2024 ’24 2025 ’25 May 2025 58% Mexico 2021 ’21 2022 ’22 2023 ’23 2024 ’24 2025 ’25 May 2025 48% MapSize by 2024 imports Active Steel 50 Active Aluminum 50 Active Autos and auto parts 25 In process Copper — In process Lumber — In process Semiconductors — In process Pharmaceuticals —…