China, Donald Trump and Tariffs
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Trump, Trade War
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Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement
The agreement was cheered in Beijing as vindication for Xi Jinping and his defiant response to President Trump’s trade war.
China is moving to strengthen its alliances as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American countries at an event in Beijing
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That is the U.S.’s effective tariff on China, with the deal announced after a weekend of negotiations, according to Evercore ISI. That figure includes levies in place be
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Honda has reported its profit for the fiscal year through March slipped 24.5% from the previous year as its vehicle sales in China dropped
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