Trump Administration Imposes Record Penalties on Chinese ZTE

U.S. Commerce Secretary Wilbur Ross announced fines of over $1.4 billion against ZTE last week in an agreement that would allow the Chinese telecommunications giant to continue purchasing materials critical to its business from U.S. companies. Under the terms of the agreement the company has agreed to pay $1 billion before the Commerce Department’s Bureau […]

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Average U.S. Tariffs Less Than Half Those of China Research Shows

Analysis by Pew Research has revealed that the U.S. has among the lowest tariff rates against imported goods in the world. It also shows that its current tariff rates are close to the lowest they’ve been in the nation’s history. In 2016 the average tariff applied by the U.S. on imported goods was 1.61%. That […]

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President Trump Ties Steel Tariff Exemptions for Canada, Mexico to NAFTA Renegotiation – Negotiating Style May Already Be Paying Off

President Trump wrote today on Twitter that exemptions for Canada and Mexico on steel and aluminum imports would be granted only if a more equitable version of NAFTA, the North American Free Trade Association is signed between the three countries. “We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right […]

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