Trump Still Has Tariff Cards to Play in His Final Days in Office
Leather handbags in the window display of a store in Paris.
Photographer: Benjamin Girette/BloombergSome key U.S. trading partners are bracing for parting shots to cap four years of tumultuous relations with President Donald Trump’s administration.
With about two weeks until Trump leaves office, Washington is due to start charging a 25% tariff on some cosmetics, soap and handbags from France as a retaliation against taxes the French government collects on local revenues of digital companies. Meanwhile, tensions with Vietnam are set to come to a head with possible tariffs in disputes over timber imports and alleged currency manipulation.