China, Trump and Car
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Austin American-Statesman |
The Chinese Finance Ministry announced 84% tariffs on U.S. goods starting Thursday, up from the 34% previously announced, the finance ministry said Wednesday.
Reuters |
China hiked its levies on imports of U.S. goods to 125% on Friday, hitting back at Donald Trump's decision to single out the world's No.2 economy for higher duties, while dismissing the U.S. president...
ABC |
President Donald Trump on Thursday said he would return to the higher tariff rates announced last week if he can't reach a deal with trading partners during the 90-day pause he announced on Wednesday.
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In his joint address to Congress March 4, President Donald Trump said he wants to make interest payments on loans for vehicles made in the USA tax deductible, but experts are unclear which cars that policy would apply to since all automakers rely on parts from outside the U.S.
If sky-high U.S. tariffs hurt China’s exports, domestic spending will help make up for it, Beijing says. But shoppers were skittish even before the trade war.