China, Trump and tariffs
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China, Rare Earths
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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.
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.
President Trump has issued a new executive order that will escalate the trade war with China. President Trump says the United States will impose new tariffs of 100% on imports from China. Here's the entire post that the president made on his own social media platform announcing this news:
Capital Brief on MSN
Trump escalates China trade row with threat to cut cooking oil purchases
US President Donald Trump said his administration is considering ending cooking oil trade with China, in response to what he described as Beijing’s deliberate refusal to buy US soybeans. Calling China’s refusal to buy US soybeans an “Economically Hostile Act,
Top Trump administration officials, in an unusual staged attack, called China's plans to curb exports of rare earths "economic coercion".