Trump willing to consider lowering tariffs on China

President Trump indicated he may lower tariffs on China, which he set as high as 145% on Chinese imports, as they have nearly halted trade between the U.S. and China. China retaliated with 125% tariffs on American goods, impacting markets and potentially raising prices for manufacturing equipment and consumer goods like clothing and toys. Trump cited China’s economic struggles, including a significant contraction in factory activity and a sharp decline in export orders, as reasons to consider reducing tariffs to resume business, as stated in an NBC Meet the Press interview.

Lowering tariffs

More Business News

Staff Writer

Recent Posts

CIMB Islamic Channels RM500,000 Into Universiti Pendidikan Sultan Idris Edu-Forest Conservation Project

CIMB Islamic contributes RM500,000 to UPSI Edu-Forest project supporting biodiversity conservation, research, education and Orang…

3 hours ago

Sandoz Malaysia Announces partnership to expand patient access to biosimilars

− Sandoz Malaysia has partnered with Sunway Medical Centre to expand patient access to biosimilarsthrough education and…

1 day ago

Is IoT dead? Or has it failed to materialise beyond the hype?

Raw IoT data is often just noise. AI turns this data into "actionable wisdom," explains.

1 day ago

Scoot Bolsters Fleet With 11 Airbus A320neo

Scoot has ordered 11 Airbus A320neo aircraft to enhance its fleet, supporting growth and improving…

1 day ago

Legs for Bursa to trend higher

The FBM KLCI shows positive movement, with expectations to range between 1,755-1,765, driven by anticipated…

1 day ago

Mak Joon Nien is Now CEO of Growth Markets and CEO of CIMB Singapore

CIMB Group appointed Mak Joon Nien as CEO of Growth Markets and CEO of CIMB…

2 days ago

This website uses cookies.