If you put up a barrier, people will find a way around it. So its not shocking to read recent news stories about how some businesses are trying to skirt around tariffs – particularly from China. They’re shipping goods through third countries, rather than directly from China, using special “shoppers” to skirt minimum quantity amounts, colluding with suppliers to falsify country-of-origin labels, undervaluing goods, or “assembling” products out of China where tariffs are lower. They’re creating shell companies in more tariff-friendly countries and even going so far as forging certificates…
Tag: Trump tariffs
Trump trade deal shows how vital China’s rare-earth metals are to US defense firms
The draft trade agreement with China announced by Donald Trump on Wednesday would ease concerns from top US military suppliers about rare-earth metals and magnets that, if cut off permanently, could hobble production of everything from smart bombs to fighter jets to submarines and other weapons in the US arsenal. While the deal has not yet been finalised, it may reassure major defense companies such as Lockheed Martin, the largest US user of samarium – a rare-earth metal used in military-grade magnets – whose supply is entirely controlled by China.…
Trump says China will face 55% tariffs as he endorses trade deal
Donald Trump has endorsed the US-China trade deal struck in London that will ramp up supplies of rare earth minerals and magnets needed for the automotive industry, saying it will take total tariffs on Beijing to 55%. Acknowledging that his Chinese counterpart, Xi Jinping, still needed to give his final approval on the terms agreed late on Tuesday night at Lancaster House, the US president disclosed the pact would also facilitate Chinese students’ access to US colleges. The 55% tariff total appears at first glance to be a hike from…
Trump announces US-China trade talks in London next week
Senior US administration officials will meet with a Chinese delegation on Monday in London for the next round of trade negotiations between Washington and Beijing, Donald Trump said on Friday. The meeting comes after a phone call between Trump and the Chinese leader, Xi Jinping, on Thursday, which the US president described as a “very positive” conversation as the two countries attempt to break an impasse over tariffs and global supplies of rare earth minerals. The treasury secretary, Scott Bessent, commerce secretary, Howard Lutnick, and US trade representative, Jamieson Greer,…
Donald Trump to meet Xi Jinping in China after ‘very good’ call on trade
Donald Trump said he had accepted an invitation to meet Xi Jinping in China after a phone conversation on trade was held between the leaders of the world’s two largest economies. In a post on Truth Social, the US president said the “very good” call lasted about 90 minutes and the conversation was “almost entirely focused on trade”. He wrote: “The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries. There should no longer be any questions respecting the complexity of…
China accuses US of ‘seriously violating’ trade truce
China has accused the US of “seriously violating” the fragile US-China detente that has been in place for less than a month since the two countries agreed to pause the trade war that risked upending the global economy. China and the US agreed on 12 May to pause for 90 days the skyrocketing “reciprocal” tariffs that both countries had placed on the others goods in a frenzied trade war that started a few weeks earlier. Tariffs had reached 125% on each side, which officials feared amounted to virtual embargo on…
‘We’ll determine our defence policy’: Albanese responds to US push for huge rise in spending as it stokes China fears
Anthony Albanese has responded to the United States’ calls for a huge rise in defence spending amid fears about China, while hitting back at Donald Trump’s move to double tariffs on steel and aluminium. On Saturday Pete Hegseth urged US allies in the region, including Australia, to “share the burden” and lift defence spending to 5% of GDP, warning that “Beijing is credibly preparing to potentially use military force to alter the balance of power in the Indo-Pacific”. “There’s no reason to sugar coat it,” he said. “The threat China…
China has ‘totally violated’ its trade agreement with the US, says Trump
Donald Trump declared that China has “totally violated its agreement” against the US on trade just two weeks after the countries reached a deal, raising fears that the trade war will continue to rattle the global economy. “I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation,” Trump wrote on Truth Social on Friday morning. “Everybody was happy! That is the good news!!! The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY…
Trump allies rail against court ruling blocking wide swath of tariffs
Republicans and close allies of Donald Trump are railing against a federal judicial panel who blocked a wide swath of the US president’s tariffs Wednesday night, including those against China. Some attempted to frame the decision as part of a broader fight between the Trump administration and US justice system. Trump has frequently complained about legal decisions that don’t go his way, attacking judges on social media in ways that have alarmed civic society experts. “The judicial coup is out of control,” Stephen Miller, White House deputy chief of staff,…
Trump tariffs blocked by US federal trade court – US politics live
From 30m ago US trade court blocks Trump’s tariffs A federal trade court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. The ruling from a three-judge panel at the New York-based court of international trade came after several lawsuits arguing Trump has exceeded his authority, left US trade policy dependent on his whims and unleashed economic chaos. “The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs,” the court ruled,…