China, Trump and tariffs
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The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
Analysts welcomed the de-escalation agreed in Geneva, but told Newsweek that many questions remain unanswered.
The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.
President Donald Trump highlights his administration's trade agreement with China and more recent accomplishments during a 'Hannity' exclusive interview.
The de minimis provision (and how it affects cheap purchases from Temu and Shein) was not mentioned in the deal.
President Donald Trump's announcement that the U.S. and China will temporarily lower tariffs while they negotiate a new trade deal that will open up access China to U.S. businesses.
The new US-China trade truce has eased some of the pressure on global markets, but its impact on companies like Boeing highlights how disruptive the
The U.S. and China agreed to lower tariffs for 90 days. The details: U.S. tariffs on Chinese goods will fall to 30 percent from 145 percent. Meanwhile, China’s blanket tariffs on U.S. products will drop to 10 percent from 125 percent. A few tariffs will remain. President Donald Trump signed an order to lower prescription drug prices.
China has criticised the UK-US trade deal in a major blow to Keir Starmer’s bid to improve relations with the communist country. Beijing said it was a “basic principle” that such agreements should not target other nations.
President Donald Trump’s agreement with China to temporarily slash tariffs for 90 days offered the world a bit of welcome relief.
The weekend deal adds to the sense that President Donald Trump may be backing off some of the more stringent trade tariffs.