China, Donald Trump and trade deal
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The president said he and Chinese President Xi Jinping still need to sign off on a preliminary deal, even though he called it "done."
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Shortly after President Donald Trump returned to the White House in January, he launched a tariff war against China, as part of a broader implementation of import taxes on goods from several dozen countries as Trump seeks to reset the foundations of global trade.
President Donald Trump said Wednesday that a limited trade deal with China was “done,” pending his approval and that of Chinese President Xi Jinping.
The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.
U.S. stock futures are lower before May inflation data and details of a U.S.-China trade deal.
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Pope Leo XIV on Wednesday appointed Bishop Joseph Lin Yuntuan auxiliary Bishop of the Archdiocese of Fuzhou, China.
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Ambassador Alexander Yui calls for faster delivery of military equipment and a double taxation agreement to boost Taiwan-U.S. investment amid China’s increasing military provocations.
As President Donald Trump on Wednesday announced progress on trade negotiations with China, Wall Street continues to ask questions on how much tariffs the nation’s retail chains can handle.