Shipping stocks are among the week's big winners after President Donald Trump slashed 145% China tariffs to 30%, likely spurring at least a partial shipping revival after ships from China to the U.S.

President Donald Trump initially resisted calls to reduce tariffs on Chinese imports, believing that the U.S. needed to endure short-term economic pain for a significant trade rebalancing. He perceived that China had more to lose in this trade standoff.

The way President Donald Trump sees it, beating China in a trade war should be easy. After all, the Chinese sell Americans three times as much stuff as Americans sell them.

New Delhi is seeking to clinch a trade deal with the U.S. within the 90-day pause on tariff hikes announced by Trump on April 9 for major trading partners, which had included a 26% tariff on India. (Reporting by Nayera Abdallah,

US President Donald Trump's claim that India has offered to drop all tariffs on goods imported from his country has been swiftly disputed by Delhi. In a statement to local news ag