U.S. President Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.
Representatives for major American Bible publishers met with the U.S. International Trade Commission on Tuesday and Wednesday, hoping to apprise the Trump administration of potential effects on Bible manufacture in the US-China trade war.
'Not nearly enough' progress was made in a discussion between Vice President Mike Pence and Mexican Foreign Minister Marcelo Ebrard Wednesday, according to President Trump, who decided last month to place a 5% trade tariff on all Mexican goods entering the US until Mexico stems the tide of migrants coming through its northern border.
Mexican and U.S. officials are set to resume talks in Washington on Thursday aimed at averting an imposition of tariffs on Mexican goods, with President Donald Trump saying 'not enough' progress on ways to curb migration was made when the two sides met on Wednesday.
US stocks fell sharply on Friday after the Trump administration threatened tariffs on all imports from Mexico if the country did not do more to reduce illegal crossings at the southern US border. China's confirmation that it has planned out how to restrict America's supply of critical rare-earth metals, and a decline in Chinese manufacturing in May, also weighed on markets.
President Trump on Thursday abruptly announced a new 5 percent tariff on Mexico beginning in early June, saying the levy will 'gradually increase' until the ongoing illegal immigration surge at the southern border is "remedied" and illegal migrants 'STOP.'
Even though President Donald Trump held fire earlier this month on auto tariffs that have the potential to further roil Europe’s struggling economy, a litany of domestic dilemmas on both sides of the Atlantic threaten to frustrate efforts at a trade pact before they’ve even begun.
The U.S. has gotten rid of its steel and aluminum tariffs on Mexican and Canadian exports, signaling a rebirth of negotiations for a new free trade deal between the three countries to replace the North American Free Trade Agreement (NAFTA).
President Trump promised a deal with China will come “when the time is right” Tuesday, calling the current atmosphere of mistrust between the two countries, which has produced an increase in tariffs on both nations’ goods, “a little squabble.”
U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war.
Trade talks between the U.S. and China are expected to continue on into Friday despite the Trump administration's plans to hike tariffs on virtually all Chinese goods to 25% at midnight Thursday. The extension indicates the sides still think they can reach an agreement, even after missing Thursday's deadline.