China, Trump and tariff
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The European Union and its 27 member nation bloc became the latest of the United States' top trading partners to come to an agreement with Trump over the weekend, joining the Philippines, Japan and Indonesia in announcing deals during July.
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Sourcing Journal on MSNTariff Ticker: Trump Scores Victory in De Minimis Challenge, But No Deal With China Yet
The Court of International Trade granted the president a tentative victory in a challenge to his authority in ending the de minimis exception.
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Al Jazeera on MSNAs Trump’s August 1 deadline looms, tariffs are here to say, experts say
Trump’s protectionist moves likely to keep pushing countries to lessen their reliance on the US, analysts say.
Trump has justified his most far-reaching assertions of tariff power by citing the 1977 International Emergency Economic Powers Act, which allows tariffs on all imports during an "unusual and extraordinary threat ... to the national security, foreign policy or economy of the United States."
President Donald Trump said he was "not seeking anything" but added that he might visit China "at the invitation of President Xi."