China, Trump and Tariffs
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The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
Donald Trump’s team is throwing itself into the most expansive and simultaneous set of high-level diplomatic negotiations in years, involving China, Ukraine, Russia, Iran, the Middle East and multiple global trading rivals.
The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.
A day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate, China is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war.
The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.
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Both the U.S. and China could be back at the negotiation table again soon to hash out further details, according to Treasury Secretary Scott Bessent.
President Donald Trump said on Monday that he could speak with China's President Xi Jinping at the end of the week amid progress between the two economic rivals on a trade deal.
1don MSN
The bank said in a Tuesday note that in light of Trump’s China agreement, which lowered most tariffs on China to 30% from 145% for three months, the possibility of a recession t