China, Trump and Xi
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The trade agreement reached between the U.S. and European Union reaffirms an emerging pattern: higher tariffs, purchase commitments, investment agreements—and a lot of confusion.
The president is set to raise taxes on imports arriving from many countries, including Canada and Mexico. That’s on top of the tariffs that the White House has already announced on specific products,
But the outlook for many top U.S. trading partners has yet to come into clear focus. Trump has threatened, for example, to raise tariffs on Canada to 35% from the current 25% if the two countries don’t strike a deal by Friday. And a 90-day truce between the U.S. and China expires in mid-August, at which point Trump’s tariffs on China could soar.
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Al Jazeera on MSNAs Trump’s August 1 deadline looms, tariffs are here to say, experts say
Trump’s protectionist moves likely to keep pushing countries to lessen their reliance on the US, analysts say.
"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."
President Donald Trump's recent flurry of trade deals have given Asian exporters some clarity on tariffs, but missing are key details on how to avoid punitive rates that target China's supply chains.
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Treasury Secretary Bessent details Trump administration's plan to tackle China's economic imbalances
China trade has reached a "good place" with reduced tariffs, but said China's 30% share of global manufacturing is unsustainably imbalanced.