China, US Slash Sweeping Tariffs On Each Other
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Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.
LOS ANGELES (Reuters) -U.S. bookings for container transport from China to the United States spiked almost 300% in the wake of the United States and China pausing punishing tit-for-tat tariffs, container-tracking software provider Vizion said on Wednesday.
The U.S. and China agreed to a 90-day pause in their trade conflict. Here's what China's tariffs on the U.S. looked like in 2024.
Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.
The responsibility of tackling the fentanyl issue in the United States lies within the U.S. itself, China's foreign ministry said on Tuesday, rejecting the punitive tariffs Washington imposed on Beijing for not stemming the inflow.
Shein became a behemoth selling more than $30 billion worth of goods annually on a foundation of cheap prices and advantageous trade rules, such as the U.S. "de minimis" exemption that allowed duty-free entry for low-cost imports worth $800 or less.
China is moving to strengthen its alliances with other countries as a counterweight to Donald Trump’s trade war, presentin