US EditionUS businesses that rely on Chinese imports express relief and anxiety over tariff pause
- U.S. Treasury Secretary Scott Bessent announced in Geneva this weekend that both countries reduced tariffs, effective Wednesday, signaling a pause in trade tensions.
- The tariff cuts follow a series of U.S. Taxes since 2018, including Trump's recent 145% tariff being lowered to 30%, while China cut its rate from 125% to 10%.
- Chinese manufacturers resumed American orders and production, with firms like Yangjiang's Kahlee Yu preparing for negotiations and extending orders through June.
- Kahlee Yu expressed cautious hope regarding the trade agreement but warned that potential changes in tariff policies could lead to a halt in U.S. Orders, while Danny Lau noted that his aluminum-coating business remains subject to high tariffs and is not included in the current reductions.
- Despite market rebounds to pre-tariff levels, businesses remain cautious, delaying investments due to uncertainty and prior damage from April tariffs reducing orders.
196 Articles
196 Articles
How 4 Business Owners Are Handling Tariffs on China
President Trump lowered his tariffs on China, and Wall Street breathed a sigh of relief. But for many businesses, especially small ones, 30 percent is still a crippling burden. The 145 percent tariff on Chinese goods that was in place for nearly a month was unthinkably high for businesses large and small. But the overall average tariff rate on imports to the United States remains at its highest level since 1934, according to a report from the Ya…
Ford CEO Jim Farley says company will be ‘advantaged’ around tariffs: ‘Fairest fight in decades’
“There are thousands of pieces in an F-150… we can’t make it without parts from China,” Ford CEO Jim Farley said. But Trump's recent deal with China means “Our parts just got more affordable.”
China has 90 days to make an offer Trump can't refuse
Washington and Beijing have finally agreed to a pause in their escalating trade war. US and Chinese officials announced in Geneva this week that US tariffs on Chinese goods would fall to 30%, while Chinese tariffs on US products would drop back to 10%. But the real battle to determine the fate of future US-Sino […] The post China has 90 days to make an offer Trump can’t refuse appeared first on Asia Times.
Trump just blew it with 'strongest adversary we've ever had': Ex-defense leaders
Donald Trump's decision to threaten massive tariffs on China only to retreat risks making the U.S. a “paper tiger” and encouraging Chinese aggression against Taiwan, a former U.S. ambassador to Beijing and a former CIA chief and defense secretary said.“We have a very tough, tough position on Taiwan,” said Nicholas Burns, who was ambassador to China under Joe Biden from 2021 to 2025, referring to U.S. support for the island nation whose independe…
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