Following lobbying by heavy industries, the US Congress is
considering imposing tariffs on imports from China and other developing nations.
On Thursday, Trump ordered his chief trade negotiator to
consider imposing tariffs on an additional $ 100 billion of Chinese products.
President Donald Trump ordered his chief trade negotiator to
consider imposing tariffs on an additional $ 100 billion of Chinese products Thursday, in a dramatic escalation of his trade war with China.
President Trump ordered his administration to
consider imposing tariffs on an additional $ 100 billion in Chinese imports.
Not exact matches
CNBC's Kayla Tausche reports the White House may
consider imposing harsh
tariffs on imported steel and aluminum and that has raised concern from the Defense Department, reports CNBC's Kayla Tausche.
«In light of China's unfair retaliation, I have instructed the USTR to
consider whether $ 100 billion of additional
tariffs would be appropriate under section 301 and, if so, to identify the products under which to
impose such
tariffs,» Trump's statement said.
President Donald Trump is said to be
considering imposing a global
tariff of 24 percent on steel imports, but our Econometer panel has strong opinions on it.
America's Prized Products: As the Trump administration
considers imposing new limits on imported steel and aluminum, trade partners are weighing retaliatory
tariffs on home - grown products like Kentucky bourbon and Wisconsin cheese.
Politico reports that congressional Republicans are
considering legislation that would prevent Trump from
imposing his
tariffs.
The White House is also actively
considering a proposal from the Commerce Department to
impose stiff
tariffs on imported steel and aluminum.
Now, the Trump administration is
considering imposing new
tariffs on steel imports, and while China is often the suggested target of such policies, another critical trading partner for the US would also be affected: the European Union.