Trump administration may form task force to handle China tariff impact
Source: CBS News
Updated on: April 18, 2025 / 5:01 PM EDT
Trump administration officials, anticipating supply chain strains due to steep tariffs on Chinese goods, have discussed forming a working group to deal with the problems with urgency if there's no breakthrough with Beijing, multiple sources told CBS News.
Nothing has been finalized, but the working group would likely include Vice President J.D. Vance, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, National Economic Council director Kevin Hassett, Council of Economic Advisers chairman Stephen Miran and U.S. Trade Representative Jamieson Greer, sources said.
President Trump has said China has reached out to negotiate a deal.Another official said the administration has already been working on supply chain issues for some time in anticipation of the imposition of the tariffs.
Medicines, semiconductors, electronic devices and critical minerals could face supply pressure after the White House and Beijing imposed a series of retaliatory tariffs.
Read more: https://www.cbsnews.com/news/trump-administration-china-tariff-task-force/
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Tarzanrock
(713 posts)The Amercian people are about to begin their economic suffering -- all caused by these insane falied economic policies. The iceberg is dead straight ahead but the stupid, stubborn captain adamantly refuses to alter the ship's course and intentionally and deliberately chooses to purposefully impact the ship with the iceberg. This is where we now are -- led by an insane madman pursuing whacko economic policies which were fully and totally debunked as ludicrous economics in the 18th Century and in the early 19th Century. Fuck every Republican who ever voted for this evil Asshole! When your 401K loses another 10% to 15% before Memorial Day you might just begin to understand that this Fascist idiot is costing you and your family everything which you have worked your entire life to create.
raccoon
(31,774 posts)nwduke
(405 posts)Laura Loomer, Majorie Greene, the my pillow guy, Sean Hannity, Alina Habba and Tucker Carlson!🤪🤪🤪
flamingdem
(40,372 posts)Looks like it.