US and China Agree on Tariff Pause
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The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.
The U.S. reached a weekend deal with China to reduce sky-high tariffs on each other's goods, an agreement Trump has referred to as a victory.
The U.S. and China reached an agreement that will temporarily lower the recent high tariffs on Chinese goods, including Chinese-origin eye wear products, according to a Vision Council press release. Under the agreement,
By Andrew Silver SHANGHAI (Reuters) -German healthcare and materials group Merck KGaA has dropped a surcharge on life sciences sector orders within China following the U.S.-China agreement to pause sky-high tariffs on each other,
The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for US small businesses, who remain cautious as tariffs are still sky high by historical levels and are also pressuring profits.
The pause in super-high tariffs from the U.S. may discourage China from using the aggressive stimulus needed to jump-start its economy.
2don MSN
The bank said in a Tuesday note that in light of Trump’s China agreement, which lowered most tariffs on China to 30% from 145% for three months, the possibility of a recession t
Chinese leader Xi Jinping has taken aim at “bullying” and “hegemonism,” in his first public remarks since a temporary truce over tariffs was agreed in the trade war between the United States and China.