China, trade talks
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US strikes trade deal with China
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Treasury Secretary Scott Bessent expressed optimism about continuing trade negotiations with Chinese officials after meeting in Geneva, with plans to meet again in the next few weeks to hash out a
The U.S.-China trade war has gone through multiple rounds of tariffs and retaliatory measures. In a span of three months, the tax on products imported to the U.S. from China went from 10% in February to 145% in April.
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The way President Donald Trump sees it, beating China in a trade war should be easy. After all, the Chinese sell Americans three times as much stuff as Americans sell them.
U.S. Commerce Secretary Howard Lutnick on Sunday said bilateral talks with China now underway in Geneva are intended to "de-escalate" tensions between the two superpowers, as he predicted multiple trade deals over the next few months without naming specific countries.
Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
US, China to temporarily lower some tariffs for 90 days Beijing to cut tariffs on US goods to 10% from 125% Washington to reduce duties on Chinese goods to 30% from 145% Dollar rallies to one-month highs against euro and yen Thanks for joining us.
China will host a summit that includes its key Latin American trade partners this week in an effort to advance influence and partnerships in the region, as Beijing and Washington work on defusing their trade war.
U.S. Trade Representative Jamieson Greer spoke Monday night with CNN's Kaitlan Collins, who asked: "If there were no major concessions made in Geneva by the Chinese officials, some businesses may ask,