Existing tariffs on billions of dollars of Chinese goods coming into the U.S. are likely to stay in place until after the American presidential election.
President Donald Trump risks triggering a “depression” in the nation’s rural areas if he withdraws from NAFTA, Iowa Republican Senator Chuck Grassley said in Feb 2018.
Lab-grown meat startups that rely on animal cells to produce beef, poultry and seafood products have caught the eye of the U.S. Food and Drug Administration, which has begun the process of regulating the industry.
The Trump administration will announce as early as Monday that it’s imposing a 10 percent tariff on $200 billion of Chinese goods, which Beijing has already said it will retaliate against.
The U.S. has so far imposed tariffs on $50 billion in Chinese goods, with Beijing retaliating in kind. Now, President Trump appears ready to up the ante to $200 billion.
News that one of the top U.S. tractor companies is dropping made-in-China products should be music to the Trump administration’s ears -- except for the fact that it’s replacing them with machines made in Brazil.
