a Tariff Truce May Not Help China's Economy
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It's hard to keep track of when tariffs start; some are already here, and President Donald Trump is has floated more.
1don MSN
There was an almost universally positive reaction across global stock markets yesterday and today to the White House’s announcement that tariff levels in the U.S.-China trade war would be reduced for 90 days.
Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s escalating tariff policy.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
U.S. Commerce Secretary Howard Lutnick said Sunday that the administration of President Donald Trump would keep the 10% baseline tariffs on global imports for the "foreseeable future."
Neither China nor the Trump administration provided further information on the terms of the agreement, but said more details would come Monday.
Trump’s top trade officials will meet in Switzerland this week with China to discuss a de-escalation. The future of the global economy is riding on their success.
The threat by the U.S. of imposing elevated tariff on imports from Sri Lanka into the U.S. has thrown uncertainty into CEAT Ltd.'s plans to expand its presence in the U.S.
Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.
Thailand has submitted a range of proposals to the US on how it plans to boost imports and promote investments, the latest bid by the Southeast Asian nation to nudge the Trump administration to begin formal talks over a planned 36% tariff on exports.