Trump promises new 100% tariff on China
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All three major stock indexes were advancing in Wednesday morning trading as Treasury Secretary Scott Bessent discussed the possibility of a longer pause on high tariffs against China. He pointed to t
U.S. Trade Representative Jamieson Greer on Tuesday said it depended on China whether additional 100% tariffs on its exports to the United States kick in on November 1 or sooner, but acknowledged it might be hard for Beijing to find an off-ramp.
Stocks jumped Monday after President Trump said "all will be fine" with China, easing investor fears about his threat to add a new 100% tariff on the country's imports.
Concerns about U.S. trade policy are back in the spotlight after being overshadowed by the government shutdown and other matters.
But under the IMF's baseline forecasts the U.S. outlook remains resilient, with 2025 growth at 2.0%, a slight upgrade from the 1.9% forecast in July. The IMF forecast 2026 U.S. GDP growth at 2.1%, also a slight improvement from July but well below the 2024 U.S. growth rate of 2.8%.
Brazilian farmers are lobbying to roll back deforestation restrictions in order to sell more soybeans to the huge Chinese market.
U.S. Trade Representative Jamieson Greer said that China's plans for harsh export controls violates a trade pact that kept tariffs low on its goods. Why it matters: The Trump administration is signaling a new flare in the U.S.-China trade war, with higher import taxes on the horizon without a new truce in tensions.
Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.