China, Trump and de minimis
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The new US-China trade truce has eased some of the pressure on global markets, but its impact on companies like Boeing highlights how disruptive the
The U.S. and China agreed to lower tariffs for 90 days. The details: U.S. tariffs on Chinese goods will fall to 30 percent from 145 percent. Meanwhile, China’s blanket tariffs on U.S. products will drop to 10 percent from 125 percent. A few tariffs will remain. President Donald Trump signed an order to lower prescription drug prices.
Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.
The weekend deal adds to the sense that President Donald Trump may be backing off some of the more stringent trade tariffs.