Insider: The White House will set up a task force to urgently address the crisis of increased tariffs on China.

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[Insider: The White House will set up a working group to urgently address the crisis of increased tariffs on China] According to Jin10 data citing CBS News, multiple insiders revealed that due to the excessively high tariffs imposed by the Trump administration on Chinese goods, a supply chain crisis is expected. The Trump administration has begun discussions internally to form a working group to urgently address these issues in the event that negotiations with the Chinese government do not yield breakthroughs. Sources say that no specifics have yet been finalized regarding the establishment of the group, but the working group may include Vice President Pence, Treasury Secretary Mnuchin, Commerce Secretary Ross, White House National Economic Council Director Kevin Hassett, Chairman of the White House Council of Economic Advisers Kevin Hassett, and U.S. Trade Representative Robert Lighthizer.

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