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Tariff Man Trump Just Had Himself a Wild Week. Here's a Recap.
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Tariff Man Trump Just Had Himself a Wild Week. Here’s a Recap
On Monday, the U.S. Trade Representative’s office released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump is threatening to hit with a 25% tariff. Then, on Thursday, Trump extended his crackdown to include the Chinese telecom giant Huawei Technologies Co. He issued an executive order that could effectively ban Huawei and Chinese sister firm ZTE Corp. from the U.S. market. By midweek, Bloomberg News was reporting that Trump was close to delaying a decision by as long as six months to impose tariffs on automobiles and some parts, a move aimed at delaying a simultaneous clash with Europe and Japan.
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Tariff Man Trump Just Had Himself a Wild Week. Here's a Recap.
On Monday, the U.S. Trade Representative’s office released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump is threatening to hit with a 25% tariff. Then, on Thursday, Trump extended his crackdown to include the Chinese telecom giant Huawei Technologies Co. He issued an executive order that could effectively ban Huawei and Chinese sister firm ZTE Corp. from the U.S. market. By midweek, Bloomberg News was reporting that Trump was close to delaying a decision by as long as six months to impose tariffs on automobiles and some parts, a move aimed at delaying a simultaneous clash with Europe and Japan.
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