The president said his advisers would devise new tariff levels reflecting countriesβ tariffs, taxes, subsidies and other policies affecting trade with the United States.
President Trump has insisted that his new tariffs on Americaβs largest trading partners will not increase prices for Americans. But a review of how they work suggests that is not the case.
Michael Grimes, a top banker at Morgan Stanley, would become the latest leading tech figure to join the Trump administration, as a senior official at the Commerce Department.
The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking said.
New rules aim to keep advanced technology out of China and to ensure that cutting-edge artificial intelligence is developed by the United States and its allies.
President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term and chosen economic aides who will defend tariffs and tax cuts.
The president-elect inaccurately said that Chinese soldiers operate the Panama Canal. But Chinaβs strategic positions in shipping worry Washington officials.
The companies have found plenty of new channels to the U.S. market β demonstrating the potential limits of the tariffs Donald Trump has promised to impose.
The episode comes at a particularly sensitive moment, just as the Biden White House is dealing with one of the most far-reaching, and damaging, hacks into American infrastructure in the cyberage.
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