Trump and Xi Ease Tension With Truce on Tariffs, Rare Earths, USA Port Fees
Beijing Will Resume Purchases of US Soybeans Jennifer A. Dlouhy and Josh Wingrove, Bloomberg News, October 30, 2025, Busan, South Korea Donald Trump and Xi Jinping agreed to extend a tariff truce, roll back export controls and reduce other trade barriers in a landmark summit in Busan, South Korea on October 30, potentially stabilizing relations between the world’s biggest economies after...
October 1 Government Shutdown – US Customs and Border Protection Will Continue to Collect Tariffs and Process Cargo During the Federal Shutdown
The US Customs and Border Protection (CBP) has confirmed it will continue revenue collections throughout the federal shutdown that commenced on October 1, 2025, according to a Department of Homeland Security (DHS) contingency plan. The agency, which processes close to US$100m in daily duties, tariffs and fees, plays a critical role in keeping trade lanes open and government funds supplied...
Trump Administration Announces Plan for 100% Tariff Increase on China Products
President Trump in an online post on October 10, said that his administration will impose 100% tariffs on China products, “over and above any Tariff that they are currently paying,” by November 1 or sooner, citing an “extraordinary aggressive position” taken by China against the U.S. with new tariffs and increased export controls on rare earth metals. In addition, on...
Trump Pauses Reciprocal Tariffs by 90 days but 10% Continues; China Tariff Going to 125%
U.S. President Donald Trump, on his social media account, said that he will pause high reciprocal tariffs that started today, April 9, for 90 days. However, the 10% tariff imposed on nearly all trading partners will remain. In the same post, Trump said he is increasing the tariff on Chinese imports to 125%, effective immediately.