White House, China and reciprocal tariffs
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Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.
Tariff rates on small packages from China will be cut in half, though a flat-fee option will not change, the White House said Monday. Why it matters: Trump previously ended a loophole that allowed low-value goods into the country tariff-free — the rate reversal will ease price pressures on customers of Chinese retailers like Shein and Temu.
President Trump’s administration is reducing tariffs on small packages from China from 120 percent to 54 percent in light of the three-month trade truce with Beijing. The White House announced the
The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.
During his first 100 days back in the Oval Office, President Donald Trump's administration has repeatedly reversed tariff plans, Fox Digital found.
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