China, US and Tariff
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On Tuesday, it was reported that Chinese shipments of Apple's iPhone and mobile devices to the US fell to their lowest since 2011 in April. The sharp drop highlights how US tariff
The U.S. and China issued a joint statement on Monday announcing an agreement to cut reciprocal tariffs for 90 days.
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First agreement between the US and China, materializing the thaw of their trade war with a tariff cut for 90 daysWashington will reduce tariffs to 30% for 90 days, while Beijing will lower them to 10%. The suspension will take effect on May 14. After a marathon of negotiations on neutral ground to calm the 2.0 trade war reignited by Donald Trump,
The United States and China said on Monday they have agreed on a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has disrupted the global economy and set
Treasury Secretary Scott Bessent said the US and China had agreed a 90-day pause and to "substantially" reduce tariff levels following talks in Geneva.
The United States and China announced that tariffs against one another will be reduced for an initial 90-day period following trade talks in Switzerland.
The Dow Jones Industrial Average closed up 1,160 points, or 2.8%, while the S &P 500 jumped 3.2%. The tech-heavy Nasdaq increased 4.3%. Facebook parent Meta and Amazon each climbed about 8%. Starbucks increased more than 6%.
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MoneyWeek on MSNUS and China trade breakthrough as tariffs reduced for 90 daysMarkets have risen on news of a US-China trade agreement. What has been announced, and what does it mean for your investments?
and this included China. Beijing retaliated with tariffs of its own, which led to levies being ratcheted up on both sides, sending shares sharply lower. Under the new agreement, the US is reducing ...
The temporary peace, signals not an end to hostilities but a new phase defined by careful maneuvering and a "competitive coexistence."