Trump Opens New Front In China Trade War
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U.S. Trade Representative Jamieson Greer said it's up to China whether additional 100% tariffs on its exports to the United States kick in on November 1 or sooner, but said it might be difficult for Beijing to find an off ramp.
President Donald Trump is imposing another 100% in tariffs on Chinese goods exported to the United States and will restrict software exports to China.
US Treasury Secretary Scott Bessent has said Washington expects support from India and other allies to counter China’s tightening control over global rare earth supplies — even as the United States continues to impose steep tariffs on Indian goods, India Today reported.
Adapting to Trump's tariffs - a still-incomplete set of levies that pushed import taxes from an average of around 2% to an estimated 17% - is still underway. It is seen taking months longer as exporters, importers and consumers jostle over who pays duties worth round $30 billion per month.
Stocks in the United States recovered from their worst decline in months, after President Trump softened his tariff threat on China. Earlier, markets in Asia dropped.
Trade conflict escalates as the US plans 100 per cent tariffs on Chinese exports. Could Indian exporters gain a strategic advantage?
2don MSN
China's exports to US plunge nearly 30% as trade truce unravels amid fears of higher tariffs
Customs figures released Monday showed that China’s worldwide exports were 8.3% higher than a year earlier, at $328.5 billion, surpassing economists’ estimates.