China, Tariff
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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.
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.
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Money Talks News on MSNEU Rejects Decoupling From China As Trump Trade Deal ConditionThe European Union refuses to break ties with China while negotiating with the Trump administration on tariffs. EU officials maintain their strategy of reducing risks rather than cutting economic connections with Beijing.
President Donald Trump's announcement that the U.S. and China will temporarily lower tariffs while they negotiate a new trade deal that will open up access China to U.S. businesses.
The 90-day relaxation of escalating reciprocal tariffs led to a stock market rebound this week. But business leaders in Massachusetts are reacting with subdued applause.
2don MSN
U.S. President Donald Trump could have the upper hand in subsequent trade talks with China as the nations hammer out further negotiations, according to Neo Wang, lead China economist and strategist at Evercore ISI.
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 weekend deal adds to the sense that President Donald Trump may be backing off some of the more stringent trade tariffs.
David Gura, Anchor and Correspondent for Bloomberg News and Sam Stein, Managing Editor for The Bulwark joins Nicolle Wallace on Deadline White House to discuss the fallout from the 90 day pause on significant tariffs that was agreed to by the United States and China and how the unpredictability of the American President has given China a lane to persuade countries that used to be our reliable trading partners to work with President Xi.