President Trump: The auto tariff rate will be around 25%.
On December 28th, the Tariff Commission of the State Council recently issued the "2025 Tariff Adjustment Plan". In order to enhance the linkage effect of the two resources in the domestic and international markets, a provisional import tax rate lower than the most-favored-nation tax rate will be implemented for 935 commodities in 2025. First, support the development of new productivity led by scientific and technological innovation, and reduce the import tariffs of cycloolefin polymers, ethylene...
On July 17, former US President Donald Trump gave a 90-minute interview to Businessweek, covering a wide range of topics such as the US economy and the agenda of his second president if re-elected. Trump said that (if re-elected) he would allow Powell, the chairperson of the Federal Reserve, to complete his term, including the governorship (which expires in 2028), especially if he believes the latter is doing the right thing. On policy rates, he warned that the Fed should avoid cutting interest ...