China, Xi and Trump
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Trump strikes a deal with EU on tariffs
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The Stockholm meeting — following similar talks in Geneva and London in recent months — is set to extend a 90-day pause on those tariffs. During the pause, U.S. tariffs were lowered to 30% on Chinese goods, and China set a 10% tariff on U.S. products.
The president is set to raise taxes on imports arriving from many countries, including Canada and Mexico. That’s on top of the tariffs that the White House has already announced on specific products,
5don MSN
The Trump administration’s trade deal with China that sharply lowered the tariff rate on Chinese imports is expected to be extended past its Aug. 12 deadline, Treasury Secretary Scott Bessent predicted Tuesday, though he maintained higher tariff rates on other countries’ imports are still slated to take effect Aug. 1 as scheduled.
The United States and China have extended their tariff truce by another 90 days as trade negotiations continue in Stockholm, with both nations committing to not impose additional tariffs or escalate the trade war.
Trump is targeting China's transshipments through Southeast Asia. But can tariffs and trade agreements really curb China's regional exports?
South Korea shipped more skin care and cosmetics to the U.S. than any other last year, according to data from market research company Euromonitor.
The GBP/USD pair posts modest gains near 1.3440 during the Asian trading hours on Monday. The latest optimism fueled by a trade deal between the United States and the European Union triggers a fresh wave of the global risk-on sentiment, which boosts the Pound Sterling.
Investors will not be able to look away over the coming week as every single day could produce significant market-moving news.
Shein shoppers in the U.S. are facing steep price hikes after a key tariff exemption ended. The policy shift, part of Trump’s broader trade crackdo