Trump’s promised tax cuts, and their potential consequences for the U.S. economy, took center stage at Bessent’s confirmation hearing.
Tariffs
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China’s exports in December up 10.7%, beating estimates as higher U.S. tariffs loom
China has raced to fill orders ahead of President-elect Donald Trump’s promised tariffs on Chinese goods. Exports have surged in the country since the pandemic.
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Trump focuses on tariffs, not retribution, in first network TV interview
President-elect Trump lays out plan for his first 100 days during interview with NBC News’ “Meet the Press.”
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Trump names former Sen. David Perdue of Georgia to be ambassador to China
With his nomination, Trump is leaning on a former business executive-turned politician to serve as the administration’s envoy to America’s most potent economic and military adversary.
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Canadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat
Trudeau flew to Florida on Friday to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products.
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Trump is back: how Biden will tweak his ‘America’s back’ message at APEC and the G20
President Biden used to tell world leaders “America is back,” implying the Trump era’s go-it-alone ethos was a one-term blip. But Biden needs a new line for this week’s APEC and G20 summits.
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Shein and Temu face a big change to how they ship cheap Chinese goods
New White House rules would close a tax loophole that lets Shein and Temu cheaply ship from China to American shoppers. The Biden administration says it undercuts U.S. workers, retailers and manufacturers.
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Five things to know about Biden’s tariff hikes on Chinese electric vehicles
The Biden administration is quadrupling tariffs on China-made EVs. The tariffs are part of a broad swath of protectionist policies first imposed by former President Trump.
