CHINA US TRADE WAR
China, US to lift sweeping tariffs in trade war climbdown
The United States and China will lift sweeping tariffs on each others' goods for 90 days on Wednesday, after a temporary ceasefire in a brutal trade war that roiled global markets and international supply chains. Under the deal, the United States agreed to lower its tariffs on Chinese goods to 30 percent while China will reduce its own to 10 percent -- down by over 100 percentage points.
China pauses 24% tariff rate on US goods for 90 days
China has announced a 90-day pause on tariffs for United States goods. This occurred during trade discussions between major global powers. The US also stated an agreement for a 90-day pause. Washington will reduce tariffs on Chinese imports. China will also lower duties on US imports. Former President Trump initiated a trade conflict, especially targeting China.
Chinese exporters to US tread warily as tariff uncertainties linger
After a 90-day US tariff reprieve, Chinese exporters express cautious relief but remain wary of future uncertainty. Some diversify operations abroad or scout US warehouses. While the pause aids holiday exports, fears of policy reversals linger, especially for businesses heavily reliant on the American market.
Goldman Sachs cuts US recession odds to 35% from 45% on trade truce optimism
Goldman Sachs revised its U.S. recession forecast downward to 35%. This follows a tariff truce between the U.S. and China. The brokerage also increased its 2025 U.S. GDP growth forecast. It now anticipates three Federal Reserve rate cuts in 2025 and 2026. Goldman Sachs raised its year-end target for the S&P 500 index to 6,100 points.
China's yuan jumps to 6-month high, breaches key threshold after Sino-US tariff truce
The Chinese yuan has surged to a six-month high against the US dollar. This follows an agreement between Beijing and Washington to halt their trade war. The People's Bank of China also supported the yuan through its guidance rate. The deal surpassed market expectations, boosting sentiment. The onshore yuan rose significantly, reaching its strongest level since November.
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Here's a look at the sectors getting a boost from the truce in the US-China trade war
US and China reached a 90-day trade truce, slashing tariffs and sparking a market rally. Shares of companies reliant on Chinese sourcing—especially in footwear, apparel, retail, and travel—surged, as investors anticipated reduced costs and improved consumer sentiment amid easing trade tensions.
US announces deal with China to cut trade deficit, White House says details on Monday
US and China held trade talks in Geneva. Negotiators from both countries reported progress. Scott Bessent led the US delegation. Donald Trump hinted at a possible tariff reset. China emphasized protecting its core principles. Discussions aimed to stabilize global markets. Both sides want to de-escalate trade tensions. Future talks are expected to continue.
Is US-China trade war over or tariff cuts may be just a temporary fix? All your FAQs answered
The US and China have agreed a deal that will significantly cut the import tariffs they have imposed on each other, in a major de-escalation of their trade war. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. The announcement came after the two countries held talks in Switzerland.
U.S. and China agree to temporarily slash tariffs in bid to defuse trade war
America and China agreed to reduce tariffs temporarily. This happened while both countries tried to resolve their trade issues. The agreement suspended tariffs for 90 days. The United States would reduce tariffs on Chinese imports. China would lower import duties on American goods. Both countries hope to avoid further escalation. Ongoing negotiations will involve key officials from both nations.
China, US agreed to establish economic and trade consultation mechanism: Chinese Vice Premier He Lifeng
China and the United States have reached several major agreements and decided to establish a new economic and trade consultation mechanism following high-level talks in Geneva, which both sides described as "candid and constructive." Chinese Vice Premier He Lifeng emphasized the need for practical problem-solving, equal dialogue, and expanded cooperation to stabilize and advance bilateral trade relations.
Investors welcome news of progress in US-China trade talks; US stock futures rise
U.S. and China trade talks brought a sense of relief to investors, hinting at a potential de-escalation in the trade war. While details remain scarce and major breakthroughs are not expected immediately, the conciliatory tone boosted U.S. stock futures.
Asian stocks, US futures gain on China trade talks
Shares in Australia, Japan and South Korea advanced at the open, with the Topix index gaining for a 12th day for its longest winning streak since October 2017. Futures contract for the S&P 500 and the Nasdaq 100 both climbed more than 1.2%, while oil rose and gold fell 1.5%. The greenback climbed against major peers while the yield on the 10-year US Treasury rose 3 basis points.
US-China trade deal talks: Donald Trump or Beijing - who is the winner between world's top two economies?
US-China trade talks in Geneva are being followed globally as the world's top economies are trying to find a middle path.
Wary investors hope US-China talks cool high-stakes trade war
Investors hope US-China trade talks in Geneva will ease tensions and stabilize markets, though few expect a breakthrough. With tariffs as high as 145%, stakes are high. While some signs of progress emerge, volatility persists, and experts remain cautious about a swift resolution to this complex geopolitical dispute.
Trump hails 'total reset' in US-China trade relations as talks continue
US and China engaged in trade talks in Geneva, signaling a potential "total reset" amid escalating tariff tensions. Discussions aimed to de-escalate the trade war, with both sides acknowledging the current high tariffs are detrimental. While Trump hinted at tariff reductions, the US clarified that concessions from China are necessary for any changes.
Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
U.S. officials initiated discussions with their Chinese counterparts in Geneva, aiming to de-escalate trade tensions marked by escalating tariffs. While a major breakthrough seems unlikely, both nations hope to scale back tariffs on each other's goods, potentially easing pressure on global markets.
As US, China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims
Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
China’s consumer deflation extends as tariffs take toll
Policymakers are implementing measures to stimulate the economy, while trade talks with the US offer potential tariff relief.
US-China trade talks a 'positive' step toward de-escalation: WTO chief
The head of the WTO has welcomed upcoming talks between US and Chinese officials this weekend, calling them a "positive and constructive step toward de-escalation" in their ongoing trade dispute, her spokesperson said on Friday.
Will Trump's proposal to cut tariffs on China to 80% signal a shift in trade policy?
Donald Trump is thinking about reducing tariffs on China. This is before important meetings between officials from the United States and China in Switzerland. These talks aim to reduce trade tensions. Trump mentioned a possible tariff decrease on social media. Top officials from both countries will discuss trade matters. This happens amid worries about the effect of tariffs on prices.
Trump finds a ‘very good idea’ to raise imprisoned Jimmy Lai’s case in trade talks with China
US, China trade talks: Donald Trump plans to discuss Jimmy Lai's case during trade negotiations with China. This move could potentially strain relations between the two countries. Jimmy Lai, a Hong Kong media tycoon and pro-democracy advocate, faces national security charges. He is accused of colluding with foreign forces. A verdict in his case is expected soon.
US President Donald Trump to hold news conference on Thursday, hints at a 'major trade deal'
President Trump announced an Oval Office news conference on Thursday at 10 a.m. EDT to unveil a significant trade deal with a "big, and highly respected, country." This announcement follows a period of intense trade negotiations and tariff implementations, including levies on various countries and commodities.
Trump says China wants to negotiate, meet at right time
President Trump announced that China is eager to negotiate a trade deal to resolve tariff disputes, and he suggested potential renegotiations of the United States-Mexico-Canada Agreement at an appropriate time.
China warns US tariffs pose 'unprecedented huge risks' to global economy amid ongoing trade war
China's finance minister criticized US tariffs for creating significant risks to the global economy at an Asian Development Bank meeting. He accused an unnamed country of initiating tariff and trade wars, advocating for multilateralism. Despite China's openness to negotiations, it insists on the removal of US tariffs, which Trump has rejected, even as both economies feel the impact.
Threatened by Trump tariffs, Japan walks delicate tightrope between US and China
Amidst US tariff pressures, Japan navigates a complex relationship with China, balancing economic opportunities with historical tensions and security alliances. While seeking tariff resolutions with Washington, Japan engages with Beijing, signaling a pragmatic approach to regional stability. Simultaneously, Japan strengthens ties with Southeast Asian nations, competing with China for influence in the face of evolving trade dynamics and US policies.
China says US must show sincerity before tariff talks can proceed
China's Ministry of Commerce on Friday said that the country is currently evaluating the situation after the United States made multiple recent attempts to initiate dialogue over tariffs through various official channels, according to a report by Xinhua.
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