Trump, Trade War
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Trump, Middle East and Oil
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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.
An idea of a "Trump put" regained steam Monday following more than a month of hard-to-digest volatility brought on by the president's trade war. "There is optimism floating out there amongst the icebergs of uncertainty that the president won't let this get out of hand and throw us into a recession,
Farm country voted heavily for Donald Trump last November. Now many farmers are taking a wait-and-see attitude toward the Republican president’s disputes with China and other international markets.
Five small businesses urged a federal court to block Trump's tariffs but government lawyers contend presidents have long regulated trade.
The president and his team have backed down from their sharp rhetoric as they search for trade deals that could lower tariffs.
Following Saturday’s understanding between India and Pakistan to stop military action on land, in the air and at sea, Trump told reporters on Monday that he had offered to help both nations with trade if they agreed to de-escalate.
Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement
As in negotiations with foreign nations, minor concessions by drug companies are more likely than a true overhaul.