US and China agree to extend a pause in tariff hikes, preventing a surge in levies on the world's two largest economieshttps://t.co/gnmPex330z ...

President Donald Trump is extending a tariff truce with China for another 90 days, stabilizing trade ties between the world’s two largest economies. https://t.co/I4RCZzjkBe ...

President Donald Trump is extending a tariff truce with China for another 90 days, stabilizing trade ties between the world’s two largest economies. https://t.co/wydUUu4zYE ...

President Trump and Russian President Putin planning to meet for peace talks in Alaska this Friday to try to attempt to end the more than three-year conflict with Russia and Ukraine. Joining us right now to talk about that and so many other issues that we need to get to. Uh Council on Foreign Relations President Michael Froman is here.He's of course the former US Trade Representative in the Obama administration. Good morning to you, Michael. Help us understand from your perspective whether you think a a dea ...

Trump’s aggressive trade agenda is shaking confidence in the US dollar, sparking a shift toward a multipolar currency world and raising borrowing costs at home https://t.co/k3LUpM8Ao6 ...

Trade Relations - US President hopes China significantly increases purchases of American soybeans [1] - This expectation arises a day before a trade truce is set to expire [1]

Business Impact of Tariffs - Tariffs have reduced the volume of business for Cocona Labs [1] - Uncertainty regarding ultimate pricing due to tariffs is causing customers to delay placing orders [8] - Cocona Labs absorbed a 165% tariff on exports to China, eating 10% of it [9] - China's retaliatory tariff of 145% would have been devastating to Cocona Labs [10] - Increased yarn prices due to tariffs impact the price of finished products [13] - Tariffs lead to higher costs, reduced business, and consumers ultimately paying the price [16] - A 15% to 20% effective tariff is anticipated [17] - Paying a 165% tariff on master batch exports to China, absorbing 10% of it, is unsustainable long term [19] Company Strategy - Cocona Labs is ensuring customers have options by shipping masterbatch to various countries to mitigate tariffs [18] - The company is considering moving some manufacturing to China to reduce reciprocal tariffs [18] - Cocona Labs is willing to eat a portion of the tariff, but not the entire amount [21] - The company values its employees and will take measures to avoid layoffs, including potential pay cuts [23][24] Industry & Economic Perspective - The US textile industry has declined, with employment falling from 15 million to 470000 workers as China became the leading producer [5] - There was a 165% tariff on clothing coming from Vietnam before Trump, with an additional 20% negotiated, resulting in a 365% tariff [15] - Broad brush tariffs are not considered effective; a surgical approach is recommended [26] - Non-tariff barriers in China, such as banking and marketing laws, remain a challenge for US companies [27] - Tariffs are seen as taxing inputs, alienating partners, and enraging those who control external markets, which is not a strategy for rebuilding American manufacturers [29]

The reason for America’s tariff rate of 50% on Brazil is not economic. It is the clearest case yet of Donald Trump using trade as a cudgel to interfere in another country’s affairs https://t.co/P64igva92x ...

America may be trying a new tack in its push to eliminate a Chinese presence around Panama’s canal https://t.co/Gzth8FugZb ...

CEO Confidence & Economic Outlook - CEO confidence rebounded to roughly neutral, climbing 15 points to 49 from a low of 34 last quarter, following tariff announcements and tax bill resolution [3] - Geopolitics is the number one issue for CEOs, followed by cyber risks, with tariffs slipping to number three [5] - Despite clarity on tariffs, concerns remain about higher costs and potential impact on bottom lines for retailers [6] - Companies are negotiating within the supply chain to spread tariff costs, with some costs potentially passed on to consumers [7] - Unemployment remains low at 42%, and CEOs are not planning significant layoffs [9] Strategies for Cost Management - Companies are exploring AI as a potential boost for productivity to offset cost increases [10] - Negotiations and some price increases are being implemented to address cost differences [10] Trade & Tariffs - Increased clarity on trade, with some frameworks established with major trading partners, has contributed to improved CEO confidence [3] - CEOs are reacting to the expectation of ongoing tariffs and potential trade deals [8]