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Employees work in the workshop of a lithium battery manufacturing company in Huaibei, eastern China, on Nov. 14. China posted a record trade surplus in November, led by a surge in exports to the United States. STR/AFP via Getty Images hide caption

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STR/AFP via Getty Images

Cooked lobsters are seen in Bernard, Maine. The U.S. lobster industry has been at a competitive disadvantage in Europe ever since Canada struck its own trade deal with the European Union three years ago. Joe Raedle/Getty Images hide caption

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Joe Raedle/Getty Images

Containers are stacked at the port in Qingdao, in China's eastern Shandong province. STR/AFP via Getty Images hide caption

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STR/AFP via Getty Images

Does The China Trade Deal Move The World Away From Free Trade?

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Democratic presidential candidates Bernie Sanders and Elizabeth Warren say corporate America has put profits before workers by shifting jobs to other countries. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images

Trump Has Stolen Democrats' Playbook On Trade

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Visitors look at a Cadillac Escalade at the China Auto Show in Beijing in 2018. For General Motors, China is a bigger market than the United States. Mark Schiefelbein/AP hide caption

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Mark Schiefelbein/AP

U.S. Companies In China Get Caught In The Trade War Crossfire

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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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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

U.S. Trade Representative Robert Lighthizer (from left), U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He gather for a meeting in Beijing on May 1. They are meeting again in Shanghai this week. Andy Wong/AFP/Getty Images hide caption

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Andy Wong/AFP/Getty Images

President Trump shakes hands with Russian President Vladimir Putin during a bilateral meeting on the sidelines of the G-20 summit in Osaka, Japan, on Friday. Susan Walsh/AP hide caption

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Susan Walsh/AP

FedEx is suing the U.S. Commerce Department to block it from enforcing export regulations against the giant shipping company. Joel Saget/AFP/Getty Images hide caption

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Joel Saget/AFP/Getty Images

President Trump and China's President Xi Jinping are expected to talk about trade on the sidelines of the G-20 summit in Osaka, Japan, later this month. Thomas Peter/AFP/Getty Images hide caption

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Thomas Peter/AFP/Getty Images

Trump Turns Trade Talks Into Spectator Sport

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An F-150 pickup is assembled at a Ford plant in Dearborn, Mich., last year. Manufacturing has been a soft spot in recent months. Bill Pugliano/Getty Images hide caption

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Bill Pugliano/Getty Images

Hiring Slows Amid Trade Tensions, With Only 75,000 Jobs Added In May

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Cargo is unloaded from a container ship at the main port terminal in Long Beach, Calif., on Friday. Two days of trade talks between the U.S. and China ended without a deal to avert more tariffs. Mark Ralston/AFP/Getty Images hide caption

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Mark Ralston/AFP/Getty Images

A worker dumps a bucket of tomatoes into a trailer at DiMare Farms in Florida City, Fla., in 2013. The Trump administration is preparing to level a new tariff on fresh tomatoes imported from Mexico in response to complaints from Florida growers. Joe Raedle/Getty Images hide caption

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Joe Raedle/Getty Images

Food Fight: Trump Administration Levels Tariffs On Mexican Tomatoes

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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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Overall, prices of major appliances tracked by the consumer price index are starting to tick down month-to-month. But they are still higher than they were last year. Washing machines, dryers and other appliances are seen for sale at a Lowe's home improvement store in Washington, D.C., in 2018. Saul Loeb/AFP/Getty Images hide caption

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Saul Loeb/AFP/Getty Images

Tariffs' Complex Ripple Effects Hit Appliance Shoppers And Makers

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Trucks wait to enter the United States at the border crossing in Tijuana, Mexico, in 2017. More than $1.6 billion in goods flow across the border each day. Jorge Duenes/Reuters hide caption

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Jorge Duenes/Reuters

How Closing The Border Would Affect U.S. Economy, From Avocados To Autos

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A truck passes a stack of China Shipping containers at the Port of Savannah in Georgia on July 5, 2018. The U.S. goods trade deficit with China hit a record $419.2 billion in 2018. Stephen B. Morton/AP hide caption

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Stephen B. Morton/AP