Trump Touts China Trade Deal
Digest more
Top News
Overview
Highlights
President Trump told reporters on Wednesday that he would send letters to trading partners in the next week or two setting unilateral tariff rates. “At a certain point, we’re just going to send letters out.
The United States and ... agreeing for now to slash reciprocal tariffs by more than 100 percentage points, bringing China’s duty rate down to just 10%. Under the agreement, the US will drop ...
U.S. and Chinese officials said they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade differences.
US tensions with two key trade partners amped up on Monday after President Trump doubled tariffs on steel and aluminum and the US pushed countries for deals ahead of looming deadlines. China responded to Trump's claim on Friday that it has "totally violated its agreement" with the US,
The Commerce Ministry said China held up its end of the deal, canceling or suspending tariffs and non-tariff measures taken against the U.S. “reciprocal tariffs” following the agreement.
Explore more
President Donald Trump has landed in Saudi Arabia on the first leg of his first major foreign trip of his second term. He next heads to Qatar and then the United Arab Emirates.
A U.S. federal court has blocked U.S. President Donald Trump’s plan to implement sweeping "Liberation Day" tariffs using emergency powers, ruling that the action was “unconstitutional” and exceeded the president’s legal authority. The decision came on Wednesday from a three-judge panel on the Court of International Trade in Manhattan.
While some some retailers are still weighing their options, which includes hiking up their prices in store, other companies, like Amazon and Home Depot, have said that since their consumer spending hasn't declined, they may not need to pass on their costs to the consumer.
Chinese leader Xi Jinping says "bullying" and "hegemonism" will only backfire, in a veiled reference to the United States just a day after a temporary truce was agreed in the trade war between the world's two largest economies.
Here are all the tariffs, counter-tariffs, dealmaking, and deal-breaking between the world’s two biggest economies.