Trump, China and farmers
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Trump, Pharmaceutical drug
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President Donald Trump on Thursday announced sweeping tariffs on various household products, including imported kitchen cabinets and certain kinds of furniture – potentially adding even more costs to a category that has surged in price in recent months.
Analysts have seen patterns in data indicating countries are taking action to evade the U.S.’s sweeping levies.
As Donald Trump’s trade policies deal a punishing blow to steelmakers across the world, countries including Mexico, Brazil and Canada are fighting back — but the US isn’t their only target.
Biloxi Sun Herald on MSN
China Suffers Major Blow Amid Trump Tariffs
President Donald Trump’s trade policies, particularly tariffs targeting China, have significantly disrupted bilateral trade, with new data highlighting a marked slowdown in Chinese export growth. In August,
Tariffs have been a feature of Trump's second term, with duties on trading partners ranging from 10% to 50% and on a wide variety of products.
President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs, sending China toward a record $1.2 trillion trade surplus.With access to the US curtailed, Chinese manufacturers have shown they aren't backing down: Indian purchases hit an all-time high in August,
China has said it would no longer seek the special treatment given to developing countries in World Trade Organization agreements — a change long demanded by the United States. It was not clear whether the announcement would lead to greater access for foreign goods to China's vast market.
President Trump announced on Thursday new tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs, unless the producer is building a manufacturing plant in the US.