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President Trump's trade representative, Jamieson Greer, told senators that Trump's tariffs prompted more than 50 countries to reach out to negotiate trade deals. But Greer declined to give a timeline.
Trump announced a trade deal with Indonesia that would tariff Indonesian exports to the U.S. at a rate of 19%. In exchange, Indonesia would charge no tariffs on U.S. imports.
A court ruling invalidating President Trump’s sweeping tariffs was halted hours later, throwing into question the administration’s overall approach to trade. By Tony Romm and Ana Swanson ...
That's when Trump is set to announce his reciprocal tariffs, which is expected to target all nations with a focus especially on the largest contributors to the $1.2 trillion U.S. trade deficit.
WASHINGTON —President Donald Trump 's trade agenda is about to enter a new phase, as the Republican moves forward − for now − with tariff hikes. In the face of mockery for repeatedly backing ...
During Trump's first term, Laffer said, they discussed using tariffs to force trade partners to allow freer trade in goods and services. "I do believe that's what his objective is," Laffer said.
Mr. Trump did not say which countries he would target with reciprocal tariffs. He said that tariffs on Japan were an option if the U.S. trade deficit with that country didn’t fall to zero.
Trump's tariffs of 25% on $370 billion of Chinese imports helped reduce the U.S. trade deficit with China from $418 billion in 2018 to $279 billion in 2023. But as companies shifted production ...
Meanwhile, Trump also used the threat of more tariffs to force Canada and Mexico to renegotiate a North American trade pact, called the U.S.-Mexico-Canada Agreement, in 2020.
Trump imposed 10% tariffs on imports from around the world on April 2, with higher rates on countries that sell more to the U.S. than they import, such as China.
Now Trump has bizarrely concluded that, despite his brilliant agreement, Canada and Mexico are still cheating on trade (or something), hence his new 25 percent tariffs against them in 2025.
Collecting Trump's tariffs could be tricky. The agencies that screen imports say they're frequently overwhelmed and understaffed, and experts say exporters are becoming cannier at evading taxes.