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Feb 24 2023
News
U.S. unveils $2 billion in aid for Ukraine, sanctions and tariff hikes on Russia a year after invasion
The United States authorized $2 billion in aid to Ukraine on the one-year anniversary of Russia’s invasion Friday, and ramped up sanctions and tariffs on Moscow as it tries to bolster Kyiv’s war effort.
The weapons package announced by the Defense Department includes funding for contracts for HIMARS rockets, drones and counter-drone equipment, mine-clearing devices, 155-millimeter
CNBCDec 10 2019
News
U.S. and Chinese Trade Negotiators Planning for Delay of December Tariffs
Officials hint at extending talks, though President Trump hasn’t yet decided.
U.S. and Chinese trade negotiators are laying the groundwork for a delay of a fresh round of tariffs set to kick in on Dec. 15, according to officials on both sides, as they continue to haggle over how to get Beijing to commit to massive purchases of U.S. farm products President Trump is insisting on for a
Wall Street Journal (News)Oct 15 2019
News
China Ties Agriculture Binge to Trump Reducing U.S. Tariffs
Beijing wants a rollback in tariffs in its trade war with the U.S. before China can feasibly agree to buy as much as $50 billion of American agriculture products that President Donald Trump claims are part of an initial deal, people familiar with the matter said.
Chinese officials are willing to start purchasing more U.S. agricultural products as part of the “phase one” trade deal, but
BloombergSep 23 2019
News
Apple to manufacture Mac Pro in Texas after tariff win
Apple will continue to manufacture its Mac Pro computer in Austin, Texas, the company announced today, just days after the Trump administration granted the company tariff exemptions for Mac Pro components made in China.
The U.S. Trade Representative last week granted 10 of the 15 exemptions that Apple requested, Bloomberg reported. Apple CEO Tim Cook today credited the Trump
PoliticoSep 01 2019
News
Trump Administration Goes Ahead With New Tariffs on Chinese Products
Tariffs on clothing and other imports from China went into effect on Sunday, escalating the trade war in a move expected to squarely hit consumers.
The U.S. tariffs of 15% on tools, apparel items, some footwear and many electronics will be charged on imports valued at $111 billion last year, according to an analysis by The Wall Street Journal. Additional tariffs of 15% on $156 billion
Wall Street Journal (News)Aug 23 2019
News
China to Impose Tariffs on $75 Billion of Additional U.S. Products
New taxes are in response to U.S. tariffs on $300 billion in Chinese goods.
China will impose tariffs on $75 billion worth of U.S. products to retaliate against U.S. moves to slap punitive tariffs on an additional $300 billion of Chinese goods.
China’s cabinet said Friday that it will impose tariffs of 5% and 10% on what amounts to roughly the remaining U.S. imports it has yet to
Wall Street Journal (News)Sep 23 2019
News
Apple will build new Mac Pros in Texas amid tariffs
Apple’s insanely expensive new desktop computer will be made in the United States — not China, the company announced Monday.
The $6,000 Mac Pro will be built at Apple’s Austin, Texas, plant following US trade regulators approving 10 requests for tariff exemptions filed by Apple for computer parts.
“The new Mac Pro will include components designed, developed and manufactured by
New York Post (News)Aug 15 2019
News
China Readies Response to Tariffs, Resists Hong Kong Advice
China called looming U.S. tariffs a violation of accords reached by Presidents Donald Trump and Xi Jinping, vowing retaliation as Beijing also pushed back on Trump’s effort to link the trade war with the turmoil in Hong Kong.
The plans for 10% tariffs on an additional $300 billion in Chinese imports have taken the U.S. and China off the track of resolving their dispute through
BloombergAug 25 2019
News
White House Says Trump Regrets Not Raising Tariffs Higher
The White House doubled down on President Trump’s commitment to the U.S. trade war with China after the president appeared to show a glimmer of regret about escalating trade tensions at the Group of Seven summit here, where world leaders have largely decried his trade practices. Asked during a breakfast Sunday with U.K. Prime Minister Boris Johnson whether he had any second thoughts about
Wall Street Journal (News)Aug 15 2019
News
U.S. Stocks Open HigherAfter China Promises Tariff Retaliation
U.S. stocks opened higher Thursday after a series of trade-related headlines spurred more volatility overnight and the latest retail sales figures beat estimates, helping to assuage some concerns about economic growth.
The Dow Jones Industrial Average rose 0.4%, while the S&P 500 and Nasdaq rose 0.3% in early trading.
The swings come a day after the Dow Jones Industrial
Wall Street Journal (News)