The United States Postal Service should have more flexibility to raise rates for packages, according to recommendations from a task force set up by President Donald Trump, a move that could hurt profits of Amazon.
U.S. President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China but made clear he would revert to tariffs if the two sides could not resolve their differences.
The United States, Canada and Mexico signed a North American trade pact on Friday, with President Donald Trump brushing aside concerns that he could face difficulties getting the deal through the U.S. Congress.
The leaders of Mexico, Canada and the United States were due to sign a North American trade pact on Friday, although brinkmanship over the final details of the deal continued through the eve of the signing.
U.S. President Donald Trump said on Monday he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent and repeated his threat to slap tariffs on all remaining imports from China.
The Trump administration on Tuesday said that China has failed to alter its “unfair” practices at the heart of the U.S.-China trade conflict, adding to tensions ahead of a high-stakes meeting later this month.
China has delivered a written response to U.S. trade demands, US. government sources said, a move that could trigger more formal negotiations to resolve a withering trade war between the world’s top economies.