China, Trump
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It’s a day that many little girls dream of -- getting to try on and take home their wedding dress -- but recent tariffs placed on China by the United States is slowly turning that experience into a nightmare.
The operators of Chicago-area companies that make such goods as kitchen and organizational products say higher tariffs on Chinese imports is threatening the survival of their businesses.
U.S. retailers and other importers that had largely halted shipments in May due to tariffs, resumed imports from China in June, amid truce.
China has been a fierce critic of sweeping U.S. tariffs that Trump announced on April 2. He later delayed the implementation of most but China, which has said it will respond with its own tariffs on U.S. imports, now faces a deadline next month to negotiate a deal.
U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment.
The president has earned a reputation for bluffing on tariffs. But he has steadily and dramatically raised U.S. tariffs, transforming global trade.
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American companies in China are reporting record-low investment plans and declining confidence in profits this year. A survey by the U.S.
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Korea JoongAng Daily on MSNJapan's Kawasaki Kisen prepared to reroute more ships away from United States over tariffs, CEO saysJapanese shipping company Kawasaki Kisen (K-Line) is adjusting its U.S. services and is prepared to reroute more ships away to other regions as it braces for potentially higher U.S. tariffs, CEO Takenori Igarashi said on Wednesday.