KLSE (MYR): HARTA (5168)
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Last Price
3.52
Today's Change
+0.02 (0.57%)
Day's Change
3.41 - 3.58
Trading Volume
3,352,500
2025-02-05
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Chipee
577 posts
Posted by Chipee > 2 weeks ago | Report Abuse
From same article:
"On Monday, Trump issued an executive action that directed the secretaries of commerce and the Treasury and the United States Trade Representative to investigate the causes of America’s trade deficits with foreign nations, to determine how to build an “External Revenue Service” to collect tariffs, to identify unfair trade practices and to review existing trade agreements for potential improvements. It also calls for a review of the US-Mexico-Canada trade agreement (the USMCA) signed by Trump in his first term and requires agencies to assess whether stricter US trade policy could successfully restrict the flow of fentanyl and the flow of undocumented migrants into the United States"
It is still under United States Trade Representative (USTR) authority. The tariff on China gloves came from USTR. So the 50% tariff stays. The narrative is very much against China. No tariff will be lowered. It can only go higher. USTR investigated on China gloves for 4 years and made a decision. You think they gonna throw away all the hard work? Their focus now will be on other products and also to form “External Revenue Service” . They will be too busy to focus on China's gloves.