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EU bows to Trump in new trade deal
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Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a clear path forward to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies.
Under the deal, the United States will reduce 125% reciprocal tariffs imposed on Chinese imports for 90 days by 115% – to a 10% baseline tariff, which matches the tariffs the Trump ...
On Friday, China retaliated by imposing reciprocal 34% tariffs on all imports from the United States. This is the first retaliatory action against President Donald Trump 's worldwide tariff plan.
For the first time India has overtaken China as the No. 1 exporter of smartphones to the United States, following Apple’s tariff-driven manufacturing pivot to New Delhi.
Chinese and U.S. trade officials have arrived for a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the