Trump’s Tariffs Blocked by Senate
Digest more
China’s leader agreed to delay restrictions on rare earth minerals for a year and buy more soybeans, Trump said after a meeting designed to calm trade tensions.
President Donald Trump says he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The US president says: "On the scale from zero to 10, with 10 being the best, I would say the meeting was a 12." Beijing says the results were "hard won".
Trump's long-awaited meeting with the Chinese president. A 50-year pattern of sex abuse, silence and cover-up in the world's largest Pentecostal denomination. And, Hurricane Melissa's death toll rises as it causes more destruction in the Caribbean.
The Fed's monetary-policy makers are working to figure out the economic impact of the Trump administration's tariffs, and a key factor on that front is the size of the import taxes levied on Chinese products.
Zach Negin owns a small business in Los Angeles. He said tariffs have affected the industry, but thinks his bar will make it through.
China has reported its factory activity contracted for a seventh straight month in October, reflecting pressure from higher U.S. tariffs and sluggish domestic demand.
Jennifer Hillman So the first thing that he could do is to use a statute called Section 122, which says that if the president declares that the United States is experiencing a major balance of payments problem, he then has the right to impose a 15 per cent tariff on all goods from all countries for a period up to 150 days.