Australia plea, copper imports test Trump’s tariff resolve: could China expect a break?
Countries are exploring deals with the U.S. to ease tariff rates, which the U.S. Treasury Secretary considers essential to Trump's economic policy aimed at correcting international economic imbalances. This comes as Trump ordered a probe into potential new tariffs on copper imports, seemingly targeting China.
Australia is seeking an exemption from tariffs on steel and aluminum, citing a trade surplus with the U.S. and a free-floating currency. Analysts suggest Australia's request could prompt other countries, including China, to seek similar exemptions, though negotiations for China might be more complex due to the scale of trade.
via SCMP Full Text Feed
Countries are exploring deals with the U.S. to ease tariff rates, which the U.S. Treasury Secretary considers essential to Trump's economic policy aimed at correcting international economic imbalances. This comes as Trump ordered a probe into potential new tariffs on copper imports, seemingly targeting China.
Australia is seeking an exemption from tariffs on steel and aluminum, citing a trade surplus with the U.S. and a free-floating currency. Analysts suggest Australia's request could prompt other countries, including China, to seek similar exemptions, though negotiations for China might be more complex due to the scale of trade.
via SCMP Full Text Feed
