US-China Trade War Truce

President Trump's temporary truce with China in the trade war is seen as a capitulation by financial markets, with tariffs reduced temporarily. The uncertainty in trade policies remains, with both countries still having tariffs in place.

Proposed Reduction of Tariffs on Chinese Imports

The Trump administration is considering reducing the 145% tariff on Chinese imports to between 50% and 54% as part of ongoing trade negotiations. This reduction would also apply to neighboring south Asian countries, with a proposed 25% tariff. Retailers are preparing for potential changes in tariff rates that could impact prices and sales.

US-China Trade War Phone Call Dispute

Chinese leader Xi Jinping has not spoken to US President Donald Trump recently, contradicting Trump's claim of a phone call. The two countries are not engaged in talks to resolve their tariff war.

Impact of US-China Trade War on US Retailers

As imports from China decrease due to the US-China trade war, US retailers are facing a choice between paying tariffs or dealing with shortages on shelves. Retail giants like Walmart, Target, and Home Depot are among the most affected, with potential disruptions to the supply chain and rising costs. The uncertainty surrounding the trade war is causing companies to cancel orders and shipping voyages, leading to a drop in container traffic and increased blank sailings.

US-China Trade War Escalation

China retaliates with tariffs on US goods after US imposes 10% tariff on all Chinese goods; tensions rise between the world's two biggest economies, risking a trade war.