Trump Boosting Tariffs On $550 Billion In Chinese ImportsPresident Donald Trump tweeted on Friday that his administration will boost tariffs on $550 billion in Chinese imports in retaliation for China's decision on Friday to hike trade levies on $75 billion in U.S. products. The move deepens a trade war that many fear could tip the U.S. and global economies into recession.
China-US Tariffs: Trade War Will Push Prices Up, Growth DownThe United States slapped a 25 percent tax on $34 billion worth of Chinese imports starting Friday, and China is retaliating with taxes on an equal amount of U.S. products, including soybeans, pork and electric cars.
Harley-Davidson, Blaming Tariffs, Will Shift Some Manufacturing OverseasThe motorcycle manufacturer said in a regulatory filing that it's shifting production of motorcycles heading to Europe from the U.S. to overseas factories. EU tariffs on its motorcycles exported from the U.S. have surged from 6 percent to 31 percent.
President Trump Hits China With 25 Percent Tariffs On Tech ImportsChina sells the U.S. $375 billion more in goods than it buys, a number Mr. Trump has been determined to lower.