Reported about 13 hours ago
In a strategic move to ease trade tensions, China has created a list of US goods exempt from its 125% tariffs while President Trump maintains that China's costs will ultimately impact American consumers. Amidst rising skepticism about the tariffs' effectiveness, Trump acknowledges potential supply shortages and price increases but defends the tariffs, suggesting they are necessary to protect US interests. While some US industries, particularly automotive, may receive tariff relief, cargo shipments have drastically declined, raising concerns of economic slowdown.
Source: YAHOO