The Trump administration officials, who anticipate the tensions of the supply chain due to pronounced tariffs in Chinese products, have discussed the formation of a working group to deal with urgency if there is no progress with Beijing, multiple sources said to CBS News.
Nothing has been finished, but the working group probably includes vice president JD Vance, Treasury Secretary Scott Besent, the Secretary of Commerce Howard Lutnick, national director of the Economic Council, Kevin Hassett, advice of Jamman Economic Jamman, Stephen Stephen, Stephten sources said.
President Trump said China has communicated to negotiate an agreement.
Another official said that the Administration has already been working on the problems of the supply chain 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 retaliation rates.
Trump promoted import tariffs from China to 145%combined, and Beijing intensified with retaliation tariffs in US goods. China’s encumbrances are part of a larger tariff regime that Trump unleashed the countries of the countries: some of the rates that are not from China were paused partial at the end, while Trump seeks to negotiate agreements with US business partners. The commercial war has alarmed investors and fueled the fears of inflation and an economic slowdown.