China, trade deal
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U.S. Trade Representative Jamieson Greer spoke Monday night with CNN's Kaitlan Collins, who asked: "If there were no major concessions made in Geneva by the Chinese officials, some businesses may ask,
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”
The US and China have agreed to lower tariffs. The US will now charge a 30% tariff, whereas China will charge 10%.
The Trump administration says it intends to develop a 'mechanism' that will 'rebalance' the U.S. trade relationship with China — a task that has eluded presidents for decades.
Much of Trump's rhetoric about tariffs is based around the idea that the US is in a trade deficit—but a deficit isn't always a bad thing.
President Donald Trump suggested lowering tariffs on China ahead of trade talks. By how much? From current 145 percent levels down to 80 percent. China currently has 125 percent tariffs on U.S.-made goods. Trump’s treasury secretary and Chinese officials will meet this weekend.
President Donald Trump’s shock-and-awe tariff approach threatened to rupture global financial system and drive the US economy into recession. Nervous about the prospect of empty store shelves and reignited inflation,
WASHINGTON] The US collected a record amount of revenue from tariffs in April, helping to limit a further widening of the budget deficit, though US President Donald Trump’s search for trade deals with targeted nations may scale back future amounts collected.