Trump cuts tariffs on China
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The U.S. and China have paused their game of geopolitical chicken, achieving a truce but making little progress in addressing the sources of friction in their intensifying rivalry.The first meeting in six years between President Donald Trump and Chinese leader Xi Jinping brought a round of concessions.
The Senate voted Thursday to approve a resolution that would block President Trump's tariffs on countries around the world, the third in a trio of rebukes of the president's trade policy this week.
Ky., and three other Republicans voted with Democrats to strike down President Donald Trump's 10% tariffs on countries worldwide.
The bipartisan move is symbolic, as the House has passed a rule against legislation to block tariffs this year.
The Senate passed a resolution Thursday that would undo many of President Donald Trump's tariffs around the globe, the latest note of displeasure at his trade tactics in Washington that came just as the president celebrated his negotiations with China as a success.
Senators voted 51-47 to stop the Trump administration’s broad tariffs imposed on imported goods from around the world. It’s a largely symbolic vote that comes just days before the Supreme Court hears oral arguments about President Trump’s use of emergency powers to impose the “reciprocal” tariffs.
The Senate passed a resolution aimed at ending President Donald Trump’s tariffs on Canada, with four Republicans joining Democrats to rebuke the administration’s trade policies a day after they voted to terminate tariffs on Brazil.
Nissan Motor said on Thursday it expects to book a 275 billion yen ($1.82 billion) operating loss in the current fiscal year due to the impact of U.S. tariffs.