Trump threatens 50% tariff on EU
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The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.
U.S.-China trade talks in Geneva resulted in a temporary slash of tariff rates, but the ripple effect of this tit-for-tat escalation won’t disappear anytime soon.
Some have rushed to take advantage of the rollback by frontloading and stockpiling shipments. Container bookings for China to U.S. routes soared nearly 300% in the days after the truce was announced, particularly as businesses anticipate end-of-year holiday shopping demand.
Trump hints at China visit after US-China slash tariffs in surprise truce — Bitcoin eyes next move amid global optimism.
Businesses are rushing to import Chinese goods after the U.S. struck a temporary deal. This "stop-go" nature of trade could still mean higher prices and doesn't ease uncertainty, an economist warns.
Complicating the race is the need to comply with mounting electronic paperwork that must be logged with U.S. Customs and Border Protection.
President Donald Trump announced that China and US had agreed to pause escalating tariffs for 90 days. Massachusetts has its own imports and exports.
Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.
Shares of Ross Stores sank Friday, a day after the discount retailer pulled its full-year outlook due to the uncertainty caused by the Trump administration's shifting tariff policies.