Trump, China agree to slash tariffs for 90 days
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4don MSN
The U.S. Treasury Secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy.
After weeks of reciprocal tariffs by the US and China on each other's exports, a high-level meeting held in Geneva appears to have resulted in the reset button being firmly pressed. For an initial period of 90 days,
When asked to comment on reports that after the China-US high-level economic and trade meeting in Geneva, China will reduce the tariffs on US goods from 125% to 10% within the initial 90 days, while the US will reduce the tariffs on Chinese goods to 30%,
Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.
The world's largest contract electronics maker, Foxconn (601138.SS, 2354.TW) said on Wednesday that despite its quarterly profit rising 91% and beating estimates, due to strong demand for its AI servers,
U.S. Trade Representative Jamieson Greer spoke Monday night with CNN's Kaitlan Collins, who asked: "If there were no major concessions made in Geneva by the Chinese officials, some businesses may ask,
4don MSN
Switzerland’s president has lamented “disappointing” talks with U.S. President Donald Trump’s treasury secretary that did not ease stiff U.S. tariffs on Swiss goods.
The U.S. and China agreed to a 90-day pause in their trade conflict. Here's what China's tariffs on the U.S. looked like in 2024.
A 4.1 magnitude earthquake rattled eastern Tennessee and was felt all through the Southeastern states. The U.S. Treasury secretary began talks with high-ranking Chinese officials in Switzerland Saturday.
Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.