China celebrates hard-line stance
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Eurasia Group's Dominic Chiu talks about US and China pulling back from their trade stand-off, and says that investors should stay 'sober' about where bilateral relations are heading – as there are imbalances that could threaten the current calm.
16hon MSN
Negotiations will continue while lower tariff rates are in place for 90 days. But free trade belongs to a bygone era.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
New agreement sees reciprocal US-China tariffs drop from 125% to 10% for 90 days, with final US tariff rate on China lowered to 30%
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.
The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period
• China trade war: The US and China have agreed to drastically roll back tariffs on each other’s goods for an initial 90-day period, according to a joint statement from the two countries. The announcement comes after a weekend of marathon trade negotiations by officials from the world’s two largest economies.
US and China agree to reduce tariffs, impacting India's trade strategy and pushing for US-India bilateral trade agreement.
China has full confidence in its ability to manage U.S. trade issues, Vice Foreign Minister Hua Chunying said on Friday, a day before officials from both sides are set to meet in Switzerland to discuss the tariffs they have imposed on each other.