Trump has slapped tariffs on $50 billion in Chinese language items thus far, after the Treasury Division introduced on Tuesday that it deliberate to impose a 25 p.c tariff on $16 billion value of Chinese language items. These tariffs will go into impact Aug. 23. A slew of tariffs on $34 billion in Chinese language items went into impact in July. China has responded by saying its personal set of retaliatory tariffs.
The chief mentioned the dialog at Tuesday evening’s dinner was open-ended and didn’t have a proper coverage agenda. The president mentioned his observe report on the economic system, together with taxes and progress, and mentioned it remained his focus.
The dinner felt like a “first stab” at re-engagement, the manager mentioned, following the disbanding of two of Trump’s enterprise advisory councils final August. These councils dissolved within the wake of controversial feedback from the president after a lethal white nationalist rally in Charlottesville, Virginia.
Quite a lot of CEOs who have been on these advisory councils attended Tuesday evening’s dinner.