China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries. Bloomberg reported that China’s cabinet will review the plans, which would undo the 40% import duty China imposed on US cars this summer. The proposal, the timing of which remains uncertain, comes as the two […]

“China might prefer to wait out the current U.S. administration, rather than embarking on potentially futile negotiations,” said one analyst. China cannot hold talks with Washington on ending their escalating trade dispute while the United States “holds a knife” to Beijing’s neck by imposing tariff hikes, a Chinese official said Tuesday. The warning followed the […]

WASHINGTON  – President Donald Trump said he was ready to impose tariffs on all $500 billion of goods the U.S. imports from China, remarks that sent financial markets retreating and threatened to escalate a trade clash with the Asian giant. “We’re down a tremendous amount,” Trump said in an interview about trade imbalances with China […]