Companies anticipating the restoration of full-blown trade war tariffs on China are rushing during the 90-day pause to get trades in under 30% versus the pricey 145% alternative, The Wall Street Journal reported Sunday.
“I’m assuming this is probably the best-case scenario for a while,” Astrohaus’ Adam Leeb, who ships Chinese typewriters, told the paper.
The pause is having the impact of flooding Chinese goods into the U.S. market sooner than later, a phenomenon that Commerce Secretary Howard Lutnick noted to Newsmax that made for temporary poor U.S. GDP numbers on the last U.S. release.
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