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Category: Economy
May 1, 2025
Economy
News

Sheinbaum Agrees She Will Work to ‘Improve’ US-Mexico Trade Balance.

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❓What Happened: Mexican President Claudia Sheinbaum has pledged to “improve” its trade balance with the U.S., currently skewed in Mexico’s favor, in response to President Donald J. Trump’s imposition of tariffs to correct such imbalances.

👥 Who’s Involved: Mexican President Claudia Sheinbaum and U.S. President Donald Trump.

📍 Where & When: The conversation was acknowledged on Thursday, details shared in Mexico.

💬 Key Quote: “We agreed that the secretaries of the Treasury, finance, economy and commerce will continue working in the coming days on options to improve our trade balance and advance outstanding issues for the benefit of both countries,” Sheinbaum wrote on X.

⚠️ Impact: U.S. tariffs remain in place for certain Mexican exports. Mexico aims to decrease its trade imbalance with the U.S. so the Trump administration feels less inclined to correct it through tariffs.

IN FULL:

Mexican President Claudia Sheinbaum announced Thursday that she has held conversations with U.S. President Donald J. Trump on trade, revealing, “We agreed that the secretaries of the Treasury, finance, economy and commerce will continue working in the coming days on options to improve our trade balance and advance outstanding issues for the benefit of both countries.”

So far, no definitive plan has been reached to eliminate tariffs affecting certain Mexican exports. These were imposed by President Trump to address the trade imbalance between the two countries, with manufacturing jobs flowing to America’s comparatively low-wage neighbor at the expense of American businesses and workers.

While Mexico has avoided being hit with high reciprocal tariffs, trade duties imposed on specific sectors such as automobiles and steel pose ongoing challenges to the Mexican economy. The U.S. absorbs a significant portion of Mexican exports, with Mexico overtaking China as America’s biggest source of imports in 2023.

President Trump said in late April that he believes he will have secured 200 trade deals, increasing advantages for American producers and exporters, by roughly the end of May, possibly paving the way for a reduction in some tariffs.

Image: Mexico City Government.

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April 30, 2025
Economy
Politics

President Trump Shifts White House Focus to Tax Cuts for Americans as Ukraine Peace Remains Elusive.

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❓What Happened: President Donald J. Trump is urging Congress to pass a comprehensive bill aimed at implementing major tax cuts. The move comes as the America First leader appears to be refocusing his White House on critical domestic and economic issues, having expressed frustration with the lack of progress in U.S. mediation of the Russia-Ukraine war.

👥 Who’s Involved: President Donald J. Trump, U.S. Congress.

📍 Where & When: President Trump ramped up pressure on Congress to finalize and pass a reconciliation bill providing tax relief Tuesday night at a rally in Michigan.

💬 Key Quote: “In the coming weeks and months, we will pass the largest tax cuts in American History—and that will include No Tax on Tips, NO Tax on Social Security, and No Tax on Overtime. It’s called the one big beautiful bill,” President Trump said.

⚠️ Impact: The proposal could increase real wages by up to $3,300 annually, boost take-home pay for median-income households by up to $5,000 per year, elevate short-run GDP by 3.3-3.8 percent and long-term GDP by 2.6-3.2 percent, and preserve 4.1 million jobs.

IN FULL:

President Donald J. Trump appears to be refocusing his administration to tackle key domestic policy issues, as a solution to end the Russia-Ukraine war continues to be elusive. The America First leader, speaking at a rally Tuesday night in Michigan, called on lawmakers on Capitol Hill to work to pass a reconciliation bill that will implement his proposed overhaul of the U.S. tax code and make the 2017 Trump tax cuts—the Tax Cuts and Jobs Act (TCJA)—permanent.

“In the coming weeks and months, we will pass the largest tax cuts in American History—and that will include No Tax on Tips, NO Tax on Social Security, and No Tax on Overtime. It’s called the one big beautiful bill,” President Trump declared. The proposal aims to provide substantial tax reductions, touted as the largest in history, for the American populace.

The tax overhaul includes noteworthy provisions to exempt tips, overtime, and Social Security for seniors from taxation. Additionally, the Trump White House contends the proposal will increase real wages by as much as $3,300 per year, with median-income households potentially seeing up to $5,000 more in take-home pay annually.

Meanwhile, President Trump’s economic team argues that the tax cuts will have an extensive impact on the U.S. economy. According to the White House’s Council of Economic Advisors (CEA), the permanence of the 2017 tax cuts could result in an uptick in short-run real GDP between 3.3 and 3.8 percent. The long-run effects are anticipated to boost GDP by 2.6 to 3.2 percent. The CEA analysis also projects that the tax plan could save a total of 4.1 million jobs, offering a substantial economic safety net.

Earlier this year, the U.S. House of Representatives and Senate adopted respective budget resolutions, kick-starting the budget reconciliation process. This bill will serve as the vehicle for President Trump’s tax overhaul. Notably, reconciliation bills cannot be filibustered in the Senate, meaning Congressional Democrats have few procedural tools to delay or stop the legislation.

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April 30, 2025
William Upton
Breaking
Economy

Trump Finalizes Minerals Deal With Ukraine.

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❓What Happened: President Donald J. Trump finalized a critical minerals and natural resources agreement with Ukraine on Wednesday. The eastern European nation’s Deputy Prime Minister Yulia Svyrydenko was dispatched to Washington, D.C., to sign the deal with President Trump’s Treasury Secretary Scott Bessent.

👥 Who’s Involved: President Donald J. Trump, Treasury Secretary Scott Bessent, Ukrainian President Volodymyr Zelensky, and Ukraine’s Deputy Prime Minister Yulia Svyrydenko.

📍 Where & When: The deal was finalized late Wednesday afternoon, and an official signing is expected later in the evening.

💬 Key Quote: “Thanks to [President Donald J. Trump]’s tireless efforts to secure a lasting peace, I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund to help accelerate Ukraine’s economic recovery,” Treasury Secretary Scott Bessent said, announcing the deal in a post on X (formerly Twitter).

⚠️ Impact: The agreement with Ukraine will, in part, reimburse American taxpayers for future military aid and provide the United States with access to the country’s natural resources, including critical metals like aluminum, as well as graphite and natural gas.

IN FULL:

President Donald J. Trump has reached an agreement with the government of Ukraine, creating an economic partnership that will see the eastern European nation share access to its mineral wealth in exchange for future military aid. Under the deal, the United States will have preferential access to Ukraine’s rare earth minerals, oil, and natural gas. Additionally, the partnership will see greater U.S. economic involvement in Ukraine, serving as a quasi-security guarantee for the country, which is currently at war with Russia.

“Thanks to [President Donald J. Trump]’s tireless efforts to secure a lasting peace, I am glad to announce the signing of today’s historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund to help accelerate Ukraine’s economic recovery,” Treasury Secretary Scott Bessent said, announcing the deal in a post on X (formerly Twitter). He continued: “Economic security is national security.”

The U.S Treasury Secretary added: “[The U.S. International Development Finance Corporation] will work closely with the Government of Ukraine to establish this fund, and we look forward to quickly operationalizing this historic economic partnership for both the Ukrainian and American people.”

As the deal appeared imminent, Ukraine dispatched Deputy Prime Minister Yulia Svyrydenko to Washington, D.C. earlier on Wednesday to sign the agreement with Secretary Bessent. Meanwhile, Ukraine’s Deputy Economy Minister Taras Kachka described the partnership as “a win-win,” noting, “It is written in friendly language. It is about investments, investments, and investments.”

The National Pulse reported on Tuesday that the minerals deal was close to finalization. Speaking with The Pulse, White House Press Secretary Karoline Leavitt said, “Ukraine needs to sign it, they should sign it… It’s an economic partnership between the United States and Ukraine; that’s what the President envisions, and he wants Ukraine to sign that deal, and he’s confident that they will.”

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April 30, 2025
Economy

US Economy Contracts, But Underlying Data Shows Trump Economy’s Momentum Remains Strong.

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❓What Happened: The U.S. economy shrank unexpectedly by 0.3 percent in the first quarter of 2025, following trade tensions and recession fears. However, consumer spending and business investment data suggests that while growth slowed, the Trump economy remains fundamentally strong.

👥 Who’s Involved: The Trump administration’s Commerce Department, President Donald J. Trump, economic analysts, and the American people.

📍 Where & When: The changes occurred across the United States in the first quarter of 2025, while the Commerce Department released the GDP data on Wednesday, April 30.

💬 Key Quote: “GDP is a backward-looking indicator,” said the White House. “Today’s headline figure reflects the end of the Biden economic disaster, not the beginning of the economic boom that President Trump is delivering.”

⚠️ Impact: Growth in core GDP and gross domestic investment suggests the economy is poised to rebound, despite the lingering effects of Biden-era policies, a series of winter storms that depressed consumer demand across the southern U.S. in January, and some tariff jitters.

IN FULL:

The beginning of 2025 saw an unanticipated contraction of the U.S. economy, with the gross domestic product (GDP) declining by 0.3 percent in the year’s first quarter. The GDP, an economic indicator measuring the value of all goods and services produced in the country, showed a drop compared to the previous quarter’s 2.4 percent growth, according to U.S. Bureau of Economic Analysis data.

This downturn was unforeseen by financial experts, who predicted a modest increase of 0.4 percent. The economic dip has been attributed by some to escalating trade disputes over U.S. tariffs on foreign goods, although the White House argues, “GDP is a backward-looking indicator,” insisting: “Today’s headline figure reflects the end of the Biden economic disaster, not the beginning of the economic boom that President Trump is delivering.”

Import tariffs, notably President Donald J. Trump’s “Liberation Day” tariffs implemented in April but partially withdrawn soon after, have played a part in reshaping economic dynamics. However, the tariffs’ total impact on GDP contraction is not entirely evident. The contraction in consumer spending likely does not stem from tariffs at all, with economists noting that a series of winter storms that hit the southern U.S. in January and disrupted retail shopping. Notably, despite flagging consumer sentiment, economic data has yet to show an actual drop-off in Americans’ spending.

The underlying data shows core GDP growth at three percent, and gross domestic investment is up 22 percent, which is the highest rate in four years. The White House notes, “Private employment gains, consumer spending, capital investment, and aggregate hours worked have all accelerated since January, while inflation has decelerated.”

Jack Montgomery contributed to this report. 

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April 29, 2025
Economy
News

UPS Cuts 20,000 Jobs as Amazon Reduces Shipments.

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❓What Happened: UPS announced plans to reduce its workforce by 20,000 jobs this year as part of a cost-reduction strategy related to decreased deliveries from Amazon.

👥 Who’s Involved: UPS, an international shipping company with about 490,000 employees, and its largest customer, Amazon.

📍 Where & When: The job cuts were disclosed on Tuesday, with an announcement regarding facility closures planned by June 2025.

💬 Key Quote: The company stated that the cuts are in “connection with our anticipation of lower volumes from our largest customer.”

⚠️ Impact: UPS’s plan involves job cuts and the closure of 73 buildings, affecting operations across its global network. The company’s shares saw a slight decrease in value during pre-market trading.

IN FULL:

UPS plans to cut 20,000 positions this year as part of a strategy to address lower delivery volumes from its major client, Amazon. The logistics giant, which employs approximately 490,000 people across more than 200 countries, announced the downsizing as a measure to consolidate its operations and reduce expenses. The decision was verified through a regulatory filing on Tuesday.

In addition to the workforce reduction, UPS will shutter 73 facilities by mid-2025. This structural change aligns with a previous agreement with Amazon to decrease delivery volumes by over half in late 2026. These developments underscore the significant impact of Amazon’s evolving logistics capabilities on UPS, reflecting broader trends affecting large shipping companies worldwide.

Despite the substantial operational adjustments, market responses showed minimal impact, with UPS shares dropping 0.6 percent before markets opened. However, such organizational changes could have deeper ramifications for the company’s financial health and employee base as they unfold.

The decision highlights ongoing challenges in the logistics sector, where companies must continuously adjust to shifting demands and partnerships. UPS taking measures to streamline its operations could signal further shifts by Amazon and other partners in sourcing and supply chain strategies. The coming months will reveal how such strategies affect UPS and its workforce on a broader scale.

Image by JasonVogel.

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April 29, 2025
Jack Montgomery
Economy

Tariffs Win as Walmart Announces Major Investment in American Products and Small Businesses.

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❓What Happened: Walmart has announced new programs, including “Grow with US” and the 2025 Open Call, to expand support for American-made products and American small businesses, as President Donald J. Trump pursues a policy of supporting American producers through tariffs on foreign goods.

👥 Who’s Involved: Walmart U.S., led by President and CEO John Furner and CFO John David Rainey, alongside U.S. small businesses and entrepreneurs.

📍 Where & When: Announced on April 29, 2025, with Open Call events starting May 1 in Orlando, Florida, and the main event on October 7-8 in Bentonville, Arkansas.

💬 Key Quote: John Furner stated, “We’ve seen firsthand how investing in small businesses results in better assortment, better meeting the needs of our customer base, and supporting jobs and growth in communities.”

⚠️ Impact: Walmart’s initiatives showcase the success of Trump’s tariffs in encouraging domestic production, fostering job growth and economic resilience.

IN FULL:

Walmart is supporting American-made products with the launch of new programs aimed at supporting American small businesses, underscoring the success of President Donald J. Trump’s tariff policies. On April 29, 2025, the retail giant shared its plans to expand initiatives like the “Grow with US” program and the 2025 Open Call, designed to help American entrepreneurs thrive. This strategic shift highlights how Trump’s tariffs are driving companies to prioritize domestic production, protecting both businesses and consumers from global trade disruptions.

The “Grow with US” program offers a four-step framework to provide U.S. small businesses with training, mentorship, and resources to grow alongside Walmart. John Furner, Walmart U.S. president and CEO, emphasized the benefits, stating, “We’ve seen firsthand how investing in small businesses results in better assortment, better meeting the needs of our customer base, and supporting jobs and growth in communities.” Furner also noted that over 60 percent of Walmart’s U.S. suppliers last year were small businesses, with the company anticipating thousands more will utilize its free resources in the coming years.

CFO John David Rainey recently revealed that more than two-thirds of products in Walmart U.S. stores are already domestically sourced, adding, “The third that we import comes from all over the world, but China and Mexico are the most significant.” Trump’s tariffs, including a 10 percent duty on imports and much higher rates on Chinese goods, are likely to incentivize a further shift in favor of American products, bolstering economic independence.

The 2025 Open Call, with applications opening June 24, will allow U.S.-based small and medium-sized businesses to pitch shelf-ready products directly to Walmart and Sam’s Club merchants. The main event, set for October 7-8 in Bentonville, Arkansas, follows several Road to Open Call events during Small Business Month in May, starting with Orlando on May 1, followed by Kansas City on May 9, Baltimore on May 13, and Austin on May 21, with additional events in Columbus on June 18 and Atlanta on June 24. Furner highlighted that participants at these pop-up events could “potentially score a fast pass to our main event in Bentonville,” offering a direct path to getting products on Walmart’s shelves.

Tech companies including Nvidia and IBM have already announced major investments in the U.S. since President Trump implemented his tariff policy, suggesting that, despite market grumblings, his overall strategy is working.

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April 29, 2025
Economy
World

Amazon Caves on Tariff Pricing Policy After Trump Accuses E-Commerce Giant of ‘Hostile’ Tactics.

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❓What Happened: Amazon reportedly planned to add the estimated cost of tariffs to its product prices. The Chinese online retailer Temu has made a similar move, though the foreign e-commerce company admits in fine print that the additional ‘tariff’ costs do not directly correlate to the U.S. import duties on Chinese goods. However, Amazon now claims that the tariff estimates were being considered only by Amazon Haul and were “never a consideration for the main Amazon site and nothing has been implemented on any Amazon properties.”

👥 Who’s Involved: President Donald J. Trump, Jeff Bezos, Amazon, White House press secretary Karoline Leavitt.

📍 Where & When: Washington, D.C., April 29, 2025.

💬 Key Quote: “This is a hostile and political act by Amazon,” said Karoline Leavitt after the plan to add tariff estimates to pricing was initially reported. Amazon responded later Tuesday morning, claiming: “The team that runs our ultra low cost Amazon Haul store has considered listing import charges on certain products. This was never a consideration for the main Amazon site and nothing has been implemented on any Amazon properties.”

⚠️ Impact: The decision could have affected Amazon’s political relations, though the abrupt announcement by the e-commerce giant that they would not pursue the pricing change may cool tensions with the White House.

IN FULL:

Tensions between the White House and Amazon briefly intensified after President Donald J. Trump criticized the retailer’s reported plans to display estimated tariff costs on its product listings. The scheme prompted a sharp reaction from the Trump administration, leading to accusations of political motivations and foreign interference.

White House Press Secretary Karoline Leavitt addressed the issue in a statement on Tuesday, April 29. According to Leavitt, President Trump viewed Amazon’s move as “hostile and political,” labeling it an attack on American interests. The conflict arose after anonymous sources leaked to the corporate media Amazon’s intention to highlight the tariffs imposed by the Trump administration on imports from countries like China.

Leavitt did not hold back in her criticism of the online retail giant, questioning Amazon’s timing. “Why didn’t Amazon take similar actions during the Biden administration when inflation rates soared to record levels?” she queried, suggesting that Amazon’s motives might have partisan underpinnings.

Further, Leavitt raised concerns over Amazon’s international affiliations, hinting that the company’s collaborations could potentially serve as channels for foreign narratives. She referenced reports by Reuters indicating Amazon’s partnerships with entities linked to Chinese propaganda efforts. Notably, the Chinese online retailer Temu has made a similar move, though the foreign e-commerce company admits in fine print that the additional ‘tariff’ costs do not directly correlate to the U.S. import duties on Chinese goods.

Following the firm White House response, Amazon clarified its pricing policy, stating: “The team that runs our ultra low cost Amazon Haul store has considered listing import charges on certain products. This was never a consideration for the main Amazon site and nothing has been implemented on any Amazon properties.”

Despite the White House’s strong response and past friction between Trump and Amazon’s founder, Jeff Bezos, the technology billionaire has recently been more communicative and open to accommodating the White House, possibly explaining the apparent backtrack.

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April 28, 2025
Economy

IBM Commits $150 Billion to U.S. Tech Expansion.

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❓What Happened: IBM announced plans for new investments in the United States, following similar announcements from other tech companies amid pressure from the Trump administration to boost U.S. manufacturing.

👥 Who’s Involved: IBM, Nvidia, Foxconn, Taiwan Semiconductor Manufacturing Company, Apple, OpenAI, SoftBank, Oracle, and the Trump administration.

📍 Where & When: The announcement was made in the United States on Monday, April 28, with investments planned over the next five years.

💬 Key Quote: Arvind Krishna, IBM’s chief executive, stated, “With this investment and manufacturing commitment, we are ensuring that IBM remains the epicenter of the world’s most advanced computing and AI capabilities.”

⚠️ Impact: The announcements suggest significant potential investment in U.S. manufacturing with a focus on strengthening domestic supply chains and technology production.

IN FULL:

IBM has announced a substantial investment initiative in the United States, joining a wave of tech corporations revealing similar plans amidst pressure from the Trump administration to relocate or expand manufacturing operations within the country. The New York-headquartered software giant aims to invest $150 billion domestically in the coming five years, including $30 billion explicitly allocated for its mainframe and quantum computers. This announcement aligns with efforts by various firms to bolster the national economy and build stronger domestic supply chains insulated from retaliatory actions by China‘s communist regime, at President Donald J. Trump’s urging.

The unveiling of IBM’s investment plan follows a pledge made by chipmaker Nvidia, which declared a $500 billion investment and committed to producing its artificial intelligence (AI) supercomputers in the United States. “With this investment and manufacturing commitment, we are ensuring that IBM remains the epicenter of the world’s most advanced computing and AI capabilities,” the company’s CEO, Arvind Krishna, said in a statement.

Following President Donald J. Trump‘s inauguration in January, a number of both foreign and domestic technology companies have announced significant investments and expansions in the United States. Key announcements include Taiwan Semiconductor Manufacturing Company’s (TSMC) $100 billion U.S.-based expansion plan for semiconductor production, alongside Apple’s intention to invest $500 billion and create 20,000 jobs in the U.S., with a new factory in Texas focused on AI advancements.

Earlier this year, a joint initiative involving OpenAI, SoftBank, and Oracle, set to create a $100 billion computing infrastructure to support AI, was announced. The current administration’s trade policies have imposed tariffs on numerous Chinese goods, but notably spared electronics such as smartphones and computers, at least temporarily.

Image by Gage Skidmore.

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April 27, 2025
Economy
News

American Family Businesses Back Trump Tariffs’ Boost to Domestic Manufacturing.

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❓What Happened: American manufacturing is experiencing a resurgence, driven by President Donald J. Trump’s trade policies, which include tariffs.

👥 Who’s Involved: Family-owned businesses across the U.S., including Walker Forge, Franchino Mold & Engineering, ELLWOOD, and others, are voicing their support.

📍 Where & When: The impact is noted across various states such as Wisconsin, Michigan, Pennsylvania, and more, as the tariffs continue to be implemented.

💬 Key Quote: Will Walker of Walker Forge stated, “The tariffs send a clear message that companies cannot undercut our U.S. industrial base anymore.”

⚠️ Impact: Tariffs are leveling the playing field for American manufacturers, encouraging the reshoring of production, and protecting U.S. jobs.

IN FULL:

President Donald J. Trump’s trade measures are garnering strong backing from numerous American family-owned manufacturing firms. The businesses, reflecting on years of unfair trade practices, are expressing approval of the administration’s tariffs intended to revive American industry.

Walker Forge, a third-generation business based in Wisconsin, manufactures steel forgings and is one of the companies vocal in its tariff support. President Will Walker emphasized that these trade policies underscore a paramount message: “The tariffs send a clear message that companies cannot undercut our U.S. industrial base anymore.”

In Michigan, Franchino Mold & Engineering’s Mike Hetherington highlighted the challenge U.S. companies face when competing with products subsidized abroad. The impact of artificially low-priced imports, particularly from China, strains domestic manufacturers abiding by stricter safety and labor norms. Hetherington supports tariffs that compel companies to reconsider their sourcing strategies in favor of domestic manufacturers.

ELLWOOD, operating out of Ellwood City, Pennsylvania, has been actively involved in sectors ranging from defense to aerospace. CEO Ben Huffman stated that current tariffs are needed to counterbalance the disadvantages U.S. manufacturers face due to subsidized foreign competition.

Additional support comes from businesses such as Industrial Molds in Illinois. The company states it is witnessing an increase in orders and interest under the prevailing tariffs.

Under President Trump’s tariff policy, many big corporations have announced significant investments in the United States. Tech giant NVIDIA, for instance, stated it wants to invest as much as $500 billion in American infrastructure to manufacture AI supercomputers.

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April 25, 2025
Economy
News

China Lifts Tariffs on Select US-Made Semiconductors.

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❓What Happened: China has removed tariffs on certain types of semiconductors from the United States, reducing them from the initially suggested 125 percent to zero.

👥 Who’s Involved: The Chinese government, U.S. semiconductor manufacturers, and President Donald J. Trump.

📍 Where & When: The tariff exemptions were reported by a Chinese financial media outlet on a recent Friday, amid ongoing trade tensions between the U.S. and China.

💬 Key Quote: “He’s called. And I don’t think that’s a sign of weakness on his behalf,” President Trump on speaking with Chinese President Xi Jinping on trade.

⚠️ Impact: The exemptions may signal China is cracking in its ongoing trade dispute with the U.S., although broader tariffs on goods continue, affecting various industries.

IN FULL:

China has quietly reduced tariffs on some American-made semiconductors amidst the trade conflict with the United States. This move lowers tariffs on at least eight categories of U.S. microchips to zero, a significant change from the 125 percent levy previously imposed by Beijing for various U.S. products.

These tariff exemptions on semiconductor imports reflect a selective easing in the economic tensions between the two nations.

President Donald J. Trump recently remarked that negotiations related to tariffs with China are ongoing, yet Chinese officials have denied such discussions. When asked about any conversations with Chinese President Xi Jinping, Trump said, “He’s called. And I don’t think that’s a sign of weakness on his behalf.”

Earlier this month, Trump declared tariffs against several countries. A 90-day pause on higher rates was offered for nations open to negotiation, though Chinese imports remain heavily tariffed. Some goods, including many Chinese-made electronics like laptops and smartphones, have been temporarily exempted.

The Chinese exemptions could offer some respite to U.S. semiconductor manufacturers trading with China. Nonetheless, other American goods and sectors continue to face Chinese tariffs and trade barriers, though even before the trade conflict began, China imported far fewer American goods than goods it exported to America. Trade restrictions have been an escalating point of contention between the world’s largest economies, with varying impacts on global markets and industries.

The move shows that China may be willing to begin trade negotiations with the United States. All other countries that had tariffs placed on them have requested talks with President Trump and his administration.

Image via Wikimedia Commons.

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