Tariff crisis Trump's tariff policy

China agrees with US on stable tariffs

China and the US have agreed to stabilize tariffs at current levels between the two countries. During a press conference, Chinese Vice Minister of Commerce Li Chenggang stated that "both sides are in agreement", according to Bloomberg.

Li describes the three-hour conversation as constructive and sincere. The meeting has been described as an important prelude to the planned summit between Chinese leader Xi Jinping and US President Donald Trump in Beijing on March 31.

Opponents confident of victory ahead of new review of tariffs

Just a few weeks after the Supreme Court invalidated Donald Trump's "Liberation Day" tariffs, he imposed sweeping new tariffs of 10 percent on the majority of US trading partners. Legal proceedings will soon be held regarding these as well, writes Politico.

The first briefs for a lawsuit filed with the Court of International Trade were filed on Friday, signed by Democratic state attorneys general and governors from 24 states.

Legal experts Politico spoke to say Trump could have a bigger shot at winning the case with the new tariffs than he did with the “Liberation Day” tariffs. But the plaintiffs behind the lawsuit, represented by New York Attorney General Letitia James, are confident of victory.

“We are 100 percent confident that we will be successful in the Court of International Trade,” she told reporters last wee

Trump Criticizes Judges: “They Have Every Right to Raise Tariffs”

Donald Trump Hits Back at the Supreme Court in a Late-Night Rant on Truth Social.

In one of his posts, he addresses the Supreme Court’s decision to invalidate the sweeping tariffs he imposed last April under the federal IEEPA law of 1977.

The court, he writes, “knew where I stood on the issue, how much I wanted this victory,” but still decided to “potentially give away thousands of billions of dollars to countries and companies that have exploited the United States for decades.”

At the same time, he writes that he “has the absolute right” to impose tariffs in other forms, adding that he has already started.

Regarding the repayment of the invalid tariffs, he writes:

“Our unfriendly competitors should not be compensated and rewarded for the decades of damage they have caused the United States. I will fight hard to make sure that does not happen!”