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A group representing importers said it was gratified that the Trump administration is lifting the tariffs on Mexican tomatoes. But it cautioned that beefed-up inspections could act as another barrier to free trade. Anna-Rose Gassot/AFP/Getty Images hide caption

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Anna-Rose Gassot/AFP/Getty Images

"What really does set this list of products apart from all of the earlier tariffs are it's basically consumer goods," said Chad Bown, a trade analyst at the Peterson Institute for International Economics. "It's clothing, and toys, iPhones." John Minchillo/AP hide caption

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John Minchillo/AP

Get Ready For Higher Prices If New Tariffs Hit Goods From China, Retailers Warn

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A container ship sits in a berth at the Port of Oakland in California last year. President Trump announced additional tariffs on imports from China on Thursday. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images

U.S. Treasury Secretary Steven Mnuchin (left) looks on as U.S. Trade Representative Robert Lighthizer speaks with and Chinese Vice Premier Liu He in Shanghai on Wednesday. Ng Han Guan/AFP/Getty Images hide caption

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Ng Han Guan/AFP/Getty Images

France will levy a 3% tax on digital companies that make large profits in the country. French Economy and Finance Minister Bruno Le Maire, who championed the measure, is seen here on Wednesday in Paris. Ludovic Marin/AFP/Getty Images hide caption

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Ludovic Marin/AFP/Getty Images

President Trump, shown here with India's Prime Minister Narendra Modi at the Group of 20 meeting in Buenos Aires last November, will be meeting the Indian leader again at the Osaka G-20 on Friday, amid rising trade tensions. Pablo Martinez Monsivais/AP hide caption

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Pablo Martinez Monsivais/AP

Trucks are seen heading into the United States from Mexico along the Bridge of the Americas in El Paso, Texas, on Tuesday. U.S. industries say President Trump's threatened tariffs on goods from Mexico raised uncertainty just as they were looking forward to a new trade agreement. Joe Raedle/Getty Images hide caption

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Joe Raedle/Getty Images

White House's About-Face On Mexican Trade A 'Gut Punch' To U.S. Businesses

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NPR

Why Is Trump Threatening Mexico (Again)?

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Zakary Pashak started Detroit Bikes when he moved to Detroit in 2011, at a time when the city was reeling. Courtesy of Melany Hallgren hide caption

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Courtesy of Melany Hallgren

For One U.S. Bike-Maker, Tariffs Are A Mixed Bag

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New cars sit in a lot at the Auto Warehousing Co. near the Port of Richmond in Caliornia last year. President Trump has threatened to impose heavy tariffs on auto imports, but the White House has not announced a decision. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images

A cargo ship prepares to berth at a port in Qingdao in China's eastern Shandong province on Wednesday. New tariffs went into effect Friday. AFP/Getty Images hide caption

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AFP/Getty Images

New Round Of Tariffs Takes A Bigger Bite Of Consumers' Budget

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Tremaine Smalls (center) attaches parts to an engine at Volvo's plant in Ridgeville, S.C. The automaker has shifted its exports to Europe as the result of the U.S. trade war with China. Camila Domonoske/NPR hide caption

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Camila Domonoske/NPR

Trump's Trade War Forces Volvo To Shift Gears In South Carolina

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U.S. Trade Representative Robert Lighthizer discusses the United States-Mexico-Canada Agreement as President Trump and Treasury Secretary Steven Mnuchin look on Oct. 1, 2018. Lighthizer is now the chief U.S. negotiator in trade talks with China. Kevin Lamarque/Reuters hide caption

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Kevin Lamarque/Reuters

'Expect Change': Robert Lighthizer Is Trump's Hardball-Playing China Trade Negotiator

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People withdraw money from a bank machine in the Iranian capital Tehran's Grand Bazaar in November, months after President Trump announced in May he was withdrawing from the 2015 Iran nuclear deal and reimposing sanctions on the country. Atta Kenare/AFP/Getty Images hide caption

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Atta Kenare/AFP/Getty Images

Employees work on the assembly line of the Tiguan model at the Volkswagen car plant in Puebla, central Mexico, in March. The auto sector is a key focus of the newly revised North American Free Trade Agreement. Pedro Pardo/AFP/Getty Images hide caption

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Pedro Pardo/AFP/Getty Images
Vanessa Qian/NPR

Chinese Firms Now Hold Stakes In Over A Dozen European Ports

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Cargo containers are loaded on ships at a port in Qingdao in China's eastern Shandong province in April. China said it will impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday. -/AFP/Getty Images hide caption

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-/AFP/Getty Images