US EditionUS businesses that rely on Chinese imports express relief and anxiety over tariff pause
- The U.S. And China reduced tariffs on goods from April, with lower rates effective on Wednesday amid a planned 90-day pause.
- This tariff reduction follows years of U.S. Levies imposed since 2018, while some tariffs and industries remain excluded from the current agreement.
- Chinese manufacturers, including Danny Lau and Margaret Zhuang, cautiously welcomed the deal but anticipate uncertainty and fewer orders due to prior tariff damage.
- U.S. Treasury Secretary Scott Bessent stated, "We do want trade," while businesses like Action Composites adjusted investment plans owing to ongoing tariff concerns.
- Though optimistic about renewed talks, companies remain wary as tariff policy changes could reduce American orders and prompt supply chain shifts abroad.
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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