145 tariff

Amidst escalating trade tensions, a Chinese state media account suggests the U.S. has initiated contact, seeking tariff discussions. While China publicly condemns the duties as economic bullying, it has quietly exempted certain U.S. goods from retaliatory tariffs. Despite denials of formal negotiations, China remains open to dialogue based on equality and mutual respect, hinting at a potentially cautious approach.

American manufacturing contracted in April due to President Trump's tariff policies, causing market instability and uncertainty. The ISM manufacturing index fell below the expansion threshold, signaling a slowdown. Companies are responding to rising input prices and trade tensions with destaffing, impacting profitability and supply chains, leading to concerns about the sector's future.

Donald Trump hinted at reducing the 145% tariffs on Chinese imports, acknowledging their unsustainability while insisting on a trade deal. This shift follows financial market turmoil, Chinese retaliation, and domestic pressures from businesses and consumers. Treasury Secretary Bessent's warnings and internal political tensions also influenced Trump's softened stance, though he maintained tariffs wouldn't return to zero.

US President Donald Trump defended his trade policies, asserting China would likely bear the tariff costs. In an ABC News interview, Trump dismissed concerns about price increases, stating China was "ripping us off." He doubled down on China tariffs, saying 'They deserve it.

Temu, following tariffs imposed by Donald Trump, has reportedly added import charges of about 145%, significantly increasing costs for consumers. This change, impacting budget-conscious buyers, doubles the price of various products. The elimination of the de minimis provision further affects Temu and Shein, potentially revising their pricing strategies due to increased operating costs.

Apple anticipates a $900 million cost increase in the third quarter due to tariffs, as stated by CEO Tim Cook during an earnings call. While recent US tariffs had a limited impact in the previous quarter, the Q3 estimate reflects current global tariff rates.

China is open to trade talks with the US if high tariffs are removed, while also prepared to retaliate if necessary. US tariffs on Chinese goods are causing price increases for consumers and impacting businesses like Apple, which anticipates a $900 million hit. The Port of Los Angeles is experiencing a significant drop in cargo volume, but global stock markets rose on hopes of trade negotiations.

First-quarter US GDP figures are anticipated to show a significant slowdown, potentially signaling a recession, influenced by a surge in imports ahead of President Trump's tariffs. These tariffs, including a 10% base rate and higher China-specific levies, have unsettled investors and triggered market volatility. Analysts have lowered growth forecasts, with some predicting a near standstill at 0.4% for the quarter.

Apple CEO Tim Cook announced that most US iPhones would be sourced from India due to rising US-China tariff tensions. The tariffs on Chinese imports could cost Apple up to $900 million. Despite these pressures, Apple reported strong earnings for the first three months of the year, with a profit increase of 4.8% and a revenue rise of 5.1%.

China says it is open to restarting trade talks with the United States, but made it clear that dialogue can only move forward if Washington cancels its steep unilateral tariffs. In a statement from the commerce ministry, Beijing insisted that words alone were not enough. China also noted multiple informal outreach attempts from the US, but said any genuine negotiations must be backed by action, not pressure or double-speak.

Ray Dalio, who predicted the 2008 crisis, warns that mishandled economic policies, particularly Trump's tariffs, could push the U.S. into a recession. He likens the tariffs' disruptive implementation to destabilizing the production system. Despite a tariff pause, Goldman Sachs estimates a significant chance of a recession within the next year, highlighting growing economic uncertainty.

US President Trump indicated that the high tariffs on Chinese imports, currently at 145%, will be reduced substantially, emphasising that the previous zero-tariff situation was detrimental to the US. Treasury Secretary Bessent acknowledged the unsustainability of the current trade standoff, while the White House claims many countries are interested in new trade arrangements.

In his first 100 days, President Trump's second term has been marked by a flurry of executive actions, including 140 executive orders and significant tariff increases, most notably on Chinese imports. Immigration enforcement has intensified, leading to 139,000 deportations and a sharp decline in border crossings.

China is considering US proposals for trade talks. This follows economic strain from US tariffs. Factory activity and exports in China have declined. Beijing signals openness to dialogue. However, it warns against coercion. Markets react positively to the news. There is hope for a thaw in the US-China trade standoff. The future of negotiations remains uncertain.

Amidst escalating trade tensions, a Chinese state media outlet reports that the US is "proactively" seeking talks with China to address the crippling tariffs. These tariffs, which have reached 145% on some Chinese goods, are impacting global markets. While President Trump claims a deal is likely, Beijing denies direct talks but urges for respectful dialogue.

Wall Street saw gains due to a positive US jobs report. The S&P 500 neared a long winning streak. The Dow and Nasdaq also rose. Tech stocks led the gains, except for Apple, which fell due to tariff concerns. Financial stocks also performed well. The market is watching the impact of tariffs and potential Federal Reserve rate cuts.

China expressed readiness for trade talks, stating "the door for talks is wide open" amid escalating tariff tensions. President Trump hinted that US tariffs on Chinese goods could “come down substantially.” Despite no formal negotiations yet, both sides signaled openness. Markets responded positively, reflecting cautious optimism about easing trade hostilities.

The Trump administration is ending a duty-free exemption on low-value imports from China. Consumers may face higher prices and delivery delays. Businesses relying on these Chinese sourcing must adjust. Some US manufacturers could benefit from reduced competition. The move follows increased tariffs between the US and China. Concerns exist about the capacity to handle the increased customs workload.

Shein, the Chinese fast-fashion giant, has significantly increased prices in the US, with some items soaring by up to 377%. This move comes in response to new US tariffs on small parcels and the elimination of the de minimis exemption. American shoppers, accustomed to Shein's ultra-low prices, may face higher costs for beauty, home goods, and clothing.

Amidst rising US tariffs, Amazon is reportedly pressing suppliers for significant price cuts, particularly those sourcing from China. The e-commerce giant is also cancelling direct imports and favoring US-based stock, mirroring strategies from Trump's first term. Analysts estimate these tariffs could slash Amazon's operating profits by billions, prompting similar actions from competitors like Costco and Walmart.