New bipartisan legislation aims to get “skin in the game” on trade and tariffs. The post Lawmakers take on China with new tariff bill appeared first on FreightWaves.

A 90-day extension to a tariff reprieve - agreed to by Washington and Beijing on August 11 - will allow retailers to rush in some last-minute shipments, but most holiday purchases are already done. Retailers typically import seasonal goods in advance because many products need six-month lead times.

A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended

Sitao Xu, chief economist at Deloitte China, says he expects the US tariff rate to settle around 35% for China, which Beijing could be fine with. He also talks about internal pressures on China's economy,

Japanese steel lobby groups said on Monday they have requested the early introduction of measures to prevent the evasion of anti-dumping tariffs aimed at protecting domestic industries from unfair imports.

China has reported its economy showed signs of slowing in July as factory output and retail sales slowed while housing prices fell further.

The agreement between the U.S. and China to cut levies imposed on each other marks a major thaw in trade relations. WSJ’s Jason Douglas explains what it means for the world’s two largest economies.