China, Trump and tariffs
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Tariffs will be 'higher' if no deal with China, Trump says
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Low-cost packages imported to the United States by China that were historically exempted from paying dues have been provided some relief from steep tariffs the Trump administration placed on Beijing.
The agreement is pressuring manufacturing hubs such as Vietnam and Mexico to make their own, better deals with the United States.
Chinese leader Xi Jinping says "bullying" and "hegemonism" will only backfire, in a veiled reference to the United States just a day after a temporary truce was agreed in the trade war between the world's two largest economies.
The Trump administration cut tariffs on low-value parcels from China by more than half, shortly after Washington and Beijing agreed a trade truce. From Wednesday, shipments worth less than $800 from China will be charged 54%.
By Laurie Chen, Emily Green and Francesco Guarascio BEIJING/MEXICO CITY/HANOI (Reuters) -A new U.S.-China agreement to pause sky-high tariffs on each other is pressuring manufacturing hubs such as Vietnam and Mexico to make their own,
Negotiators from both sides have agreed to establish a dialogue mechanism for further talks, and US President Donald Trump says he will speak to his Chinese counterpart Xi Jinping soon.
President Donald Trump announced that China and US had agreed to pause escalating tariffs for 90 days. Florida has its own imports and exports.