Negotiators for the two superpowers said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war. Stock market investors rejoiced.
Representatives from Eli Lilly, Cook Medical and other Hoosier businesses gave advice about tariffs during the Indiana District Export Council’s annual trade and business conference Thursday at Newfields.
Top U.S. officials are set to meet with a high-level Chinese delegation in Switzerland in the first major talks between the two nations since Trump sparked a trade war with stiff tariffs on imports.
The United States already runs a trade surplus with the United Kingdom, making it a bit easier to find common ground.
China announced a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump ’s trade war, as the two sides prepared for talks later this week.
The Democratic resolution forced a vote under a statute that allows them to try to terminate the national economic emergency Trump used to levy the tariffs.
Consumers can expect higher prices and delivery delays when the Trump administration ends a duty-free exemption on low-value imports from China on Friday. But some might benefit.
First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Trump imposed massive tariffs.
Executives at some of the world’s biggest companies are faced with the tricky task of explaining how President Donald Trump’s tariffs are impacting their business as they discuss their latest quarterly reports.
Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make U.S. production less competitive worldwide.
There are no import surcharges on items that are already available in U.S. warehouses, keeping the prices of those goods generally stable, at least for now.
The lawsuit said the policy put in place by President Donald Trump has been subject to his “whims rather than the sound exercise of lawful authority.”
President Trump told reporters Tuesday that he planned to be “very nice” to China in any trade talks, and that tariffs would drop if the two nations were able to reach a deal.
Hanging over the market are worries about President Trump’s anger at Federal Reserve Chair Jerome Powell for not cutting interest rates to help give the economy more juice.
Price hikes may drive cost-conscious shoppers to online resale sites, consignment boutiques and thrift stores in search of bargains or a way to turn their wardrobes into cash.
By making the expected blockbuster pill in the U.S., Lilly may be able to avoid the impact of Trump’s sweeping tariffs, including possible levies on pharmaceutical products.
That U.S. manufacturing capacity and output have declined is fake news.
According to economic theory, when trading partners are free to produce the goods each does best, both partners benefit.
The impact of the tariffs also has extended to merger and acquisition activity, with M&A attorneys trying to keep pace with Trump’s starts, stops and pauses.
Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, which is now based in Singapore, said in separate but nearly identical notices that their operating expenses have gone up “due to recent changes in global trade rules and tariffs.”
