President Donald Trump announced a 90-day stagnation on tariffs on China as the two countries talk on a final agreement.
According to recent census trade data, Chinese imports entering the US have fallen to the lowest level since the epidemic.
A report by the Department of Commerce showed a record number of goods in record numbers of 10 countries, including Mexico and Vietnam, although imports from China were the lowest in five years and will possibly move as Trump has extended the duties on Chinese goods to 145%, according to data collected by the Ritrs.
Chinese products are responsible for the smaller part of the US trade than the previous decades.
A cargo ship filled with shipping containers is seen at the port of Okland, as trade tension grows on US tariffs, Okland, California, US, in March 6, 2025. (Reuters / Reuters Photos)
Business experts are saying that the reason for the shift is due to the on-off tariff prescribed by the Trump administration.
Trump administration has level tariffs Chinese goods bring equity to the nation as a high president as 145%. Old trade deficit With abroad. Trump stopped his mutual tariff scheme on dozens of countries on 2 April, as the countries called the administration to do business deals, but they were stutted to China, when Beijing reprimanded Trump’s trade policies with his own tariffs, including 125% of the duties on American goods.
Trump placed US Economy on a 100-day mark in high-stay tariff gambling
Chinese President Xi Jinping and partition image of US President Trump (Dilara Irem Sankar / Anadolu Getty Image / Getty Image)
The US imports for consumption exceeded $ 340 billion in March, crossing the previous record over the previous record of over $ 20 billion in January. According to a USA Today report, there is a total increase of 37% and the highest monthly import figure in March 2024 since the recording started in 2002.
“Everyone is trying to defeat the tariffs squares,” said Jennifer Hillman, an international business researcher at the Foreign Relations at the Georgetown University Law Center, “Everyone is trying to defeat the tariffs squares everything.”
After US President Donald Trump, the Secretary of Commerce Howard Lutnik departed the White House. (Andrew Harnik / Getty Image / Getty Images)
Get Fox Business when you click here
Comes after update on China Trump administration A separate trade deal with the UK last week – the first trade deal was signed since Trump’s announcement of “Liberation Day” on 2 April, which had tested the tariffs on nations worldwide as the administration saw to end the playgrounds for trade obstacles on American goods and even American exports.
