A Trump Deal Won’t Help U.S.-China Relationship
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The measure seeks to terminate the national emergency declarations Trump used to justify imposing 50% tariffs on Brazilian goods,
The U.S. Senate on Tuesday night passed legislation terminating the national emergency declaration to impose duties on Brazilian imports.
The Senate is expected to vote Tuesday on a measure that would block President Trump's tariffs on Brazil, as Democrats seek support from a handful of Republicans.
The carmaker said it would launch a share buyback, despite earnings taking a hit from U.S. tariffs and the challenging market in China.
The justices used the doctrine, a judicially created method of reading statutes, to thwart several major Biden programs.
Treasury Secretary Scott Bessent said 100% tariffs on China are "effectively off the table" after a "very good two-day meeting" between the U.S. and China.
If Beijing takes action to cut the export of chemicals that make fentanyl, the U.S. would cut in half the 20% fentanyl-related levies on Chinese goods.
Kim Yong-beom, President Lee Jae Myung’s chief of staff, said South Korea had reached “an agreement on the details” in tariff negotiations with the United States. With the accord, Kim said, U.S. tariffs on South Korean exports would be 15 percent. South Korea has been contending with a rate of 25 percent that took effect in August.
Turek, a state representative from Council Bluffs, said the country is seeing "the beginnings of another farm crisis."
Trump threatened once again to turn the key economic relationship between the United States and its second-biggest trading partner topsy-turvy.
The rebuke of Trump is largely symbolic, for now, since the House isn't allowing votes on measures challenging Trump's tariffs until at least next year.
Donald Trump has said he is adding 10% to US tariffs on goods imported from Canada, after the province of Ontario aired an anti-tariff advertisement featuring Ronald Reagan. Calling the advert a "fraud", the US president lashed out at Canadian officials for not removing it ahead of the World Series baseball championship.
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