Trump, trade war
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Next is the China factor. Third countries have two superpowers to keep happy. On May 14th Chinese officials attacked Britain’s deal with America, alleging that it indirectly targets China. Under the terms of the agreement,
The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
Xi Jinping’s defiance against Donald Trump pays off with the dramatic tariffs reduction. Bloomberg reporters answer your questions on what lies ahead.
The new U.S. envoy to China, Ambassador David Perdue is a former champion of global trade turned China hawk who will emphasize his close ties to President Donald Trump as he seeks to restore crucial lines of communication between Washington and Beijing.
China’s percentage of U.S. trade hit 7.65% in March, the latest government data available, the lowest figure since 2003. That was before Trump's April 2 "Liberation Day."
2don MSN
Both the U.S. and China could be back at the negotiation table again soon to hash out further details, according to Treasury Secretary Scott Bessent.
President Donald Trump hailed a “total reset” in trade relations between the U.S. and China. But other trading partners may not find negotiations quite so smooth. To many, China may have appeared the toughest agreement to reach but Trump suggested otherwise, taking aim at the European Union Monday.
Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader. After two days of high-stakes talks in Switzerland, trade negotiators from the world’s biggest economies announced Monday a massive de-escalation in tariffs.