The U.S. and China try to warm up to each other a little. From Marketplace, I'm

Sabri Benashore in for David Brancaccio. The Asia Pacific Economic

Cooperation or Apex Summit continues today near San Francisco.

President Joe Biden and Chinese President Xi Jin Ping spoke positively about their meeting

on the sidelines of that

timelines, agreed to curb fentanyl production and resume communication between the two countries militaries.

But on the thorniest issues, no major breakthroughs.

That includes trade, the Trump-era tariffs on Chinese imports to the US for

example are still very much in place marketplaces Nancy Marshall Genser has that

bought anything from a big box store lately, then chances are you got something made in China

and covered by the tariffs first put in place by former President Donald Trump and continued

under President Joe Biden. Henrietta Trays, managing partner at Veda Partners,

says tariffs are levied on all kinds of Chinese imports.

Industrial inputs, consumer electronics,

all your back to school supplies, and your frozen shrimp.

Then there are this steel and aluminum tariffs.

Trays says, altogether, tariffs cover around $370 billion worth of Chinese imports.

The tariffs range from 7.5 to 25%.

Trays says they cost US consumers

about $51 billion per year, and they aren't going away anytime soon.

Wherever your expectations are, lower them.

The likelihood of any tariffs coming off is almost unthinkable.

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