China, Trump and de minimis
Digest more
Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.
The new US-China trade truce has eased some of the pressure on global markets, but its impact on companies like Boeing highlights how disruptive the
President Donald Trump is expected on Monday to embark on an official trip to the Middle East, a major international trip.
Charles Gasparino commented on the US-China tariff agreement, suggesting both sides retreated during negotiations. He argued that Trump's initial tariff hikes triggered negative market reactions, particularly in the bond market,
Following a US-China trade agreement where tariffs are suspended for 90 days, President Trump claimed Apple CEO Tim Cook plans to increase US investments, potentially building more plants. This news follows reports of Apple considering iPhone price hikes,
The U.S. and China agreed to lower tariffs for 90 days. The details: U.S. tariffs on Chinese goods will fall to 30 percent from 145 percent. Meanwhile, China’s blanket tariffs on U.S. products will drop to 10 percent from 125 percent. A few tariffs will remain. President Donald Trump signed an order to lower prescription drug prices.
Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.
China and US have also agreed to take "aggressive" measures to curb the flow of fentanyl, which could then result in the elimination of the extra 20% levy.