International trade, Chinese economy, Global economy, Economics, Business, Donald Trump, US news, China, World news, Asia Pacific, US economy Business | The Guardian
The US president hopes tariffs will help close the huge trade gap by potentially pressuring Beijing into a new dealDonald Trump postponed his threat to tax all imports from Mexico and Canada this week, citing action by those countries against migration and drug smuggling; but it was telling that tariffs on China went ahead.When it comes to the US’s neighbours, Trump’s Treasury secretary, hedge fund manager Scott Bessent, made clear in a Fox News interview that tariffs are essentially a negotiating tool – partly aimed at achieving non-economic goals. Continue reading…
The US president hopes tariffs will help close the huge trade gap by potentially pressuring Beijing into a new deal
Donald Trump postponed his threat to tax all imports from Mexico and Canada this week, citing action by those countries against migration and drug smuggling; but it was telling that tariffs on China went ahead.
When it comes to the US’s neighbours, Trump’s Treasury secretary, hedge fund manager Scott Bessent, made clear in a Fox News interview that tariffs are essentially a negotiating tool – partly aimed at achieving non-economic goals.
