By David Lawder WASHINGTON (Reuters) – U.S. President Donald Trump and Chinese President Xi Jinping took steps on Thursday to de-escalate their trade war, trading some U.S. tariff reductions and tighter export controls for a pause on Beijing’s new restrictions on rare earth minerals and magnets and a resumption of their purchases of U.S. soybeans….
President Donald Trump announced Friday that the United States could impose tariffs of up to 100% on imports from China by November 1, marking an escalation in the US-China trade conflict and increasing uncertainty in global supply chains. In a Truth Social post on Friday, Trump said the tariffs were retaliation for China’s new export…
The United States already imposes 30 percent tariffs on Chinese imports, meaning Donald Trump’s latest threat would take taxes to 130 percent – Shawn Thew/Pool/EPA/Shutterstock Donald Trump’s threat to impose new 100% tariffs on China has triggered one of the biggest cryptocurrency crashes in history and stoked fears of chaos in global markets next week….
