Trump, tariffs and appeals court
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China, Trade War and Trump
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Impacts
The US and China agreed to a framework and implementation plan to ease trade tensions on Tuesday. “We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick said.
A federal appeals court agreed Tuesday that President Donald Trump’s sweeping tariffs on China and other trading partners can stay in effect while the ongoing legal challenges are resolved. The U.S. Court of Appeals for the Federal Circuit in Washington gave an interim victory to the Trump administration.
U.S. and Chinese officials said they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths.
China, Mexico, the European Union, Japan, Canada and many airlines and aerospace companies worldwide urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts,
Although the number of Chinese imports entering the US has decreased dramatically — by 35% in May — some are still arriving via other Asian countries. Yahoo Finance Senior Columnist Rick Newman joins Market Domination Overtime with Josh Lipton and Julie Hyman to discuss this shift in Chinese exports,
The Rodon Group produces billions of plastic parts every year — including parts for the popular toy brand K'nex — at its factory in Hatfield, Pennsylvania.
The United States is looking to restore the flow of “crucial” rare earth minerals, which were restricted after China’s retaliatory efforts in early April.
Jason Furman, Harvard economic policy professor and the former chair of President Obama's Council of Economic Advisers, joins MSNBC’s Lawrence O’Donnell to discuss why China holds leverage in Donald Trump’s trade war.