‘American customers won’t buy anything this year’: Trump’s 104% tariffs dim festive cheer for China’s Christmas factories

[ad_1] Chinese producers of plastic Christmas trees and other holiday items say they’ve yet to receive any orders from their US clients – and they fear they may not get any at all, reports news agency Reuters. The delay comes amid soaring US import tariffs, with US President Donald Trump ramping up levies on Chinese…

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Donald Trump presses 90-day pause button on reciprocal tariffs for most nations, but raises tariffs for China

[ad_1] Reciprocal tariffs on China were raised to 125% by Trump. US President Donald Trump on Wednesday announced a 90-day pause on the rollout of reciprocal tariffs on most countries including India, with the exception of China. US stock markets reacted positively to the news, showing remarkable gains. The S&P 500 index climbed 5.7% after…

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