Bill Faries

Jan 15, 2025 | bloomberg.com | Brendan Murray |Bill Faries |Rosalind Mathieson |Jenni Marsh

Members of Donald Trump’s incoming economic team are discussing slowly ramping up tariffs month by month while the president-elect has said he would create an “External Revenue Service” tasked with collecting tariffs on foreign imports. Chinese officials are bracing for the threat of another trade war, despite a trade surplus that soared to a record last year.