President Donald Trump said he "got sort of everything that we wanted" out of the meeting last week with Chinese President Xi Jinping, adding later that, "Because of tariffs, President Xi allowed us to win every single point."
President Donald Trump won't attend the oral arguments at the Supreme Court over the legality of his use of the International Emergency Economic Powers Act to levy tariffs on countries around the world, he announced Nov. 2.
The U.S. will drop tariffs on Chinese goods by 10 percentage points on Nov. 10, and also will stop collecting ship-docking fees under the Section 301 action on shipbuilding on that date, the administration announced over the weekend. The fees are suspended for one year.
Asia Society think tank experts, in an analysis of President Donald Trump's visit in Malaysia, Japan and Korea, called the trip very successful.
U.S. Trade Representative Jamieson Greer said that whether the deal that was just signed with China is a one-year de-escalation, or more, "is in China's hands to some degree." He called the period a confidence-building step, but that if China doesn't do as it promised, then the U.S. has other options.
House Ways and Means Committee Chairman Jason Smith has added his voice to the chorus of Republicans pushing back on President Donald Trump's plan to increase Argentinian beef imports, in the aim of lowering beef prices on grocery store shelves.
A majority of the Senate voted to end the fentanyl emergency for Canada, which underlies 30% tariffs on some Canadian goods, under the International Emergency Economic Powers Act.
The Senate voted 51-47 to terminate the national emergency based on the trade deficit, the emergency the president used to impose tariffs of between 10% and 39% on nearly every country in the world.
The U.S. is dropping 10 percentage points of the 20% fentanyl tariff on China, and is also lifting port fees on Chinese commercial ships, after President Donald Trump and Chinese President Xi Jinping met in South Korea.
In a hearing on the nominations for the chief agricultural negotiator and the deputy U.S. trade representative responsible for Africa, the Western Hemisphere and Europe, senators from both parties criticized the decision to import Argentinian beef and complained about foreign non-tariff barriers in agriculture.