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Two of the world's biggest economies are at war. A trade war that is. And they’re trying to talk things out
President Trump has been calling for people to pay attention to China and its trade practices since long before he entered
the White House. Now that he's there, he's taking up the issue. According to the Trump admin, it's that China says the country has been very unfair with its trading practices – specifically accusing China of unfairly getting access
Tariffs. On tariffs
. Quick reminder: tariffs are taxes charged on foreign imports
. So here’s an example: Imagine a country puts a 20% tariff on an imported dishwasher. If the price set by the exporter is $600, there would be an additional tariff of $120, making the total import price $720. And tariffs are paid to the government by companies buying the imports
A lot more. It officially started in March last year with the Trump admin hitting pretty much every country
with tariffs of 25% on steel imports and 10% on aluminum imports – which Trump said would protect US workers from foreign competition. Then, China retaliated with tariffs on about $3 billion
worth of US goods. Since then, neither side blinked
. Until late last year, Trump and Chinese President Xi Jinping said 'why can’t we be friends.' That meant putting new tariffs on hold
while the two countries tried to negotiate a new deal
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Conservatives are getting together for the annual Conservative Political Action Conference this week. Here’s your Skimm on the GOP’s evolution over the past 150-plus years and President Trump’s impact on the party.
It’s that time of the decade: the government is taking a headcount of the US population. Here’s what you need to know about the history of the census and what to expect this year.
The Democratic Party has come a long way since Andrew Jackson’s presidency. Here’s your Skimm on its nearly-200 year history, and how Sen. Bernie Sanders (I-VT) has tilted the party to the left, to the left in recent years.