Steve Kopack

5 days ago | nbcnews.com | Steve Kopack |Rob Wile

President Donald Trump has signaled a willingness to drastically cut the U.S. current 145% tariff rate on China ahead of trade talks between the two countries. Trump wrote in a Truth Social post Friday morning: "80% Tariff on China seems right! Up to Scott B.," appearing to refer to Treasury Secretary Scott Bessent. The post comes a day before Bessent and U.S. Trade Rep. Jamieson Greer meet with their Chinese counterparts in Geneva, Switzerland, for trade discussions.

5 days ago | yahoo.com | Steve Kopack

President Donald Trump has signaled a willingness to drastically cut the U.S.' current 145% tariff rate on China ahead of trade talks between the two countries. Trump wrote in a Truth Social post Friday morning: "80% Tariff on China seems right! Up to Scott B.," appearing to refer to Treasury Secretary Scott Bessent. The post comes a day before Bessent and U.S. Trade Rep. Jamieson Greer meet with their Chinese counterparts in Geneva for trade discussions.

1 week ago | cnbc.com | Steve Kopack

A U.S. flag flutters near a ship as it's containers are unloaded at the Port of Los Angeles, in San Pedro, California, U.S., May 1, 2025. The U.S. trade deficit in goods and services soared to a record $140.5 billion in March. Year-to-date, the deficit has increased 92.6%, as companies and consumers rush to import goods before President Donald Trump's sweeping global tariffs increase on July 6.

1 week ago | nbcnews.com | Steve Kopack

The U.S. trade deficit in goods and services soared to a record $140.5 billion in March. Year-to-date, the deficit has increased 92.6%, as companies and consumers rush to import goods before President Donald Trump's sweeping global tariffs increase on July 6. Imports alone have risen 23.3% so far this year and were $17.8 billion higher just last month, the Bureau of Economic Analysis said Tuesday. Exports from the U.S. to other countries increased by just $500 million.

2 weeks ago | nbcnews.com | Jing Feng |Brian Cheung |Steve Kopack

The Trump administration wants to bring more auto manufacturing back to the United States with stiff tariffs. That could mean untangling supply chains that crisscross the border repeatedly, leaving some industry players unsure how their bottom lines will be affected. Take Brendan Lane’s striker plates, which move between the United States and Canada four times before they’re installed.