Trump to reduce tariffs on China
Digest more
The Senate voted Thursday to approve a resolution that would block President Trump's tariffs on countries around the world, the third in a trio of rebukes of the president's trade policy this week.
Trump has also announced tariffs on branded or patented pharmaceuticals, heavy trucks and household furnishings, with a number of exceptions. The administration is considering duties on more sectors, including semiconductors. Below is a roundup of where tariffs stand for major countries and sectors:
The Senate on Thursday passed a resolution aimed at ending President Donald Trump’s global tariffs introduced last spring, with four Senate Republicans joining Democrats to object to the president’s trade policy.
WASHINGTON (AP) — The Senate passed a resolution Thursday that would undo many of President Donald Trump’s tariffs around the globe, the latest note of displeasure at his trade tactics in Washington that came just as the president celebrated his negotiations with China as a success.
US President Donald Trump and Chinese leader Xi Jinping held a high-stakes meeting on Thursday that appears to have put both countries on the path to a trade deal. Trump told reporters onboard Air Force 1 after the talks that the meeting was "a great success" and the US would sign a deal with China "pretty soon".
Senators voted 51-47 to stop the Trump administration’s broad tariffs imposed on imported goods from around the world. It’s a largely symbolic vote that comes just days before the Supreme Court hears oral arguments about President Trump’s use of emergency powers to impose the “reciprocal” tariffs.
The r/Canada subreddit lit up with over 1,200 comments after Carney said he apologized to Trump over the ad, which had derailed trade talks.