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. "19659002] The administration so far has imposed tariffs on $ 34 billion of Chinese goods as part of a trade dispute over what it calls the
The yuan plunged to 6.8 US dollar, down 7.6% since mid-February
The United States is already pressuring companies that will be affected by a trade war that worsens
Trump ordered the Department to consider whether auto imports are threatening US national security that would justify tariffs or other trade restrictions. Earlier this year, he used national security as a rationale for taxing imported steel and aluminum.
Car tariffs would dramatically increase global trade tension: Last year, the United States imported $ 192 billion worth of vehicles and $ 143 billion worth of auto parts. In the same interview, recorded Thursday at the White House, Trump broke with a long-standing tradition at the White House and expressed dissatisfaction over recent actions at the US Federal Reserve. . Political and economic leaders believe that the central bank must operate without political pressure from the White House or elsewhere to properly manage the interest rate policy.
Last month, the Fed raised its benchmark rate for the second time this year. two more increases in 2018. Its rate hikes are aimed at preventing the overheating of the economy and causing high inflation. But tariff increases also make borrowing more expensive for households and businesses and can weaken the pace of growth. In particular, the Fed's most recent rate hikes could dilute some of the benefit of the tax cuts that Trump signed last year.
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