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Trump's 'done' deal with China: Trade damage will remain, logistics firms and retailers say

• President Donald Trump said the trade deal with China is 'done,' though details and confirmation from China were lacking.

• Commerce Secretary Howard Lutnick said tariffs on China will be at the current 55% and not higher.

• But supply chain executives said the damage has been done and won't be easily reversed, with job losses and higher consumer prices still likely. The CEO of a retail group said the 55% China tariff is far too high and "not a win for America."

President Donald Trump declared the trade war with China "done" Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55% rate without additional increases. Even if the resolution to the battle with the biggest U.S. foe in Trump's trade war is real, the damage to the supply chain, the U.S. consumer and the economy will remain, say logistics and retail industry executives.

The latest headlines in the trade war come amid a slowdown in orders as the early 2025 period of tariff front-loading ended and firms across the economy prepared for a potential slowdown in the U.S.

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