China, Trump and tariffs
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U.S. shoppers looking for fake Christmas trees and holiday decor this year will have fewer choices and face higher prices as tariffs on Chinese imports force retailers to scale back orders as they assess how tight customer budgets are.
A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended.
US President Donald Trump said he will hold off on raising tariffs on Chinese goods over the country’s purchases of Russian oil, citing progress he said was made with Vladimir Putin toward ending the war in Ukraine.
Japanese steel lobby groups said on Monday they have requested the early introduction of measures to prevent the evasion of anti-dumping tariffs aimed at protecting domestic industries from unfair imports.
The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, a White House official told CNN. Without the agreement, tariffs were set to immediately surge,
US Secretary of State Marco Rubio has clarified why Washington has refrained from imposing secondary sanctions on China, Russia’s largest oil buyer, even as India faces steep tariffs, including a 25 per cent duty on its trade with Moscow.
India and China are aware of the “very high political, economic and military cost of frozen relations,” he says. “China felt it had pushed India too close to the U.S. while India realized that it was losing its vaunted strategic autonomy by getting too close to Washington and turning Beijing into an adversary.”
When Chinese Foreign Minister Wang Yi arrived in New Delhi ahead of Prime Minister Narendra Modi’s planned visit to China, the world paid attention. The