Here’s what to know about the biggest sources of tension in U.S.-China relations before the first summit in Beijing in nine years between the nations’ leaders.
Category: Customs (Tariff)
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Tariff Refunds Begin to Reach Businesses as Trump Lashes Out at Court
The New York Times – Business:The government must return about $160 billion, plus interest, collected from duties deemed illegal and potentially more if it loses a related tariff case.
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Here’s How Trump’s Trade War on China Ended Up in a Stalemate
The New York Times – Business:As President Trump prepares to meet with Xi Jinping, a trade war that once threatened to freeze commerce between the two countries has given way to an uneasy truce.
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Tomato Prices Soar as War, Tariffs and Weather Affect a Popular Crop
The New York Times – Business:Tomato prices surged nearly 40 percent in April, the Consumer Price Index showed.
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Steel Tariffs Are Raising the Price of Canned Foods
The New York Times – Business:The cost to put food in cans remains high because manufacturers must still import steel from overseas. U.S. Steel plans to reopen a tin-plate factory.
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Which Trump Tariffs Are in Place, in the Works or Ruled Illegal
The New York Times – Business:The president has reworked his tariffs repeatedly — sometimes because they have been declared illegal — with more updates still to come.
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China’s Exports and Imports Set Records in April Amid High Energy Costs
The New York Times – Business:The country’s exports surged and its trade surplus with the United States widened ahead of President Trump’s scheduled visit next week to Beijing.
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Trump’s Latest Tariff Setback Looms Over China Talks
The New York Times – Business:For the president, a major legal defeat could undercut his leverage as he prepares to head to Beijing next week for high-stakes trade negotiations.
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Trade Court Rules Trump’s 10% Global Tariff Is Illegal
The New York Times – Business:A panel of federal judges blocked President Trump from imposing the tariff on most imports.
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U.S. Trade Deficit Grew in March
The New York Times – Business:Both exports and imports rose after the Supreme Court struck down many of the president’s highest levies in February.
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Trump Administration Pushes Forward With Tariffs Based on Forced Labor Laws
The New York Times – Business:Nonprofit groups have applauded an investigation on trade in goods made with forced labor but say that the Trump administration should go further to enforce its own laws
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Trump’s Tariff Reversal Reopens a Major Market for Scotch Whisky
The New York Times – Business:A 10 percent tax on American imports was hurting British sales, even though exporters had increased sales in India, China and other countries.