Balanced Reporting. Trusted Insights. Tuesday, October 26, 2021

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President Donald Trump

Trump announces US tariff hike in latest trade war escalation

Decision comes after Chinese tariff increase Friday morning
The U.S.-China trade war escalated again for the second time Friday after President Donald Trump declared the U.S. would increase rates for existing tariffs on $250 billion of Chinese goods as well as boost tariffs on $300 billion worth of imports that haven’t yet been levied.
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President Donald Trump

Farm groups cheer aid, but want end to trade war

U.S. farm groups are coming out in strong support of the Trump administration’s new trade assistance package to help soften the blows of Chinese tariffs, but also stress the new aid is only short-term relief and far less effective than an end to the trade war.
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