Tariffs
The Trump administration has temporarily reduced tariffs on Chinese goods from 145 percent to about 30 percent, providing relief to American businesses and consumers. This move, hailed as a "total reset" on relations with China, is expected to restart shipments of Chinese goods to the US, restock shelves,
Tariffs
Business Secretary Jonathan Reynolds told MPs that the UK's trade agreement with the US will benefit Northern Ireland exporters, with the region's car industry set to see tariffs reduced by 27.5%. However, TUV leader Jim Allister warned that the deal will create a "huge
Tariffs
The US and China have embarked on the second day of crucial trade talks in Geneva, with high stakes for both nations and the global economy. As the two sides navigate the complexities of their trade relationship, the world eagerly awaits a breakthrough. The fate of the talks hangs in
Tariffs
President Donald Trump's administration has negotiated a potential deal with China, leading to a temporary pause in the trade war. As a result, the effective US tariff on goods from China will fall from around 145% to approximately 40%, while the effective tariff rate on goods imported by
Financial markets
Donald Trump's presidency was marked by an aggressive stance on trade, particularly the 'Tariff War', which had an immediate and intense global response. Trump's policy aimed to stop countries with a positive trade balance against the United States, targeting countries like China, Vietnam, India,
Tariffs
US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will meet with Chinese Vice Premier He Lifeng in Geneva on Saturday in an effort to de-escalate the trade war sparked by President Donald Trump's tariff rollout and Beijing's retaliatory measures. The meeting comes after
Global economy
The US president's concession has sparked hopes of a potential breakthrough in the ongoing trade tensions between the two economic superpowers. However, analysts remain cautious, citing the complexity of the issues at hand and China's tendency to engage in lengthy negotiations. The talks, set to take
Bessent, Scott
China agreed to meet with the Trump administration to discuss trade, signaling a softening of its stance in the ongoing trade dispute. The meeting, set to take place in Switzerland, will reportedly focus on de-escalation rather than a major deal. Despite the indication of a willingness to engage in talks,
Tariffs
US President Donald Trump on Thursday expressed optimism about upcoming trade talks with China, suggesting that punitive US tariffs on Beijing of 145% could be reduced. Trump's comments, made while unveiling a new trade agreement with Britain, marked the latest sign of a softening tone between the world&
Attorneys general
Arizona Attorney General Kris Mayes led a coalition of attorneys general in filing a motion for a preliminary injunction to halt the implementation of President Trump's tariffs, which were imposed without congressional action. The tariffs, imposed under four executive orders, include a 145 percent tariff on most products
Central banks
The Bank of Canada's latest Financial Stability Report highlights the potential risks to financial stability from the unpredictable tariff policies of President Donald Trump, as well as the impact of a trade war on the Canadian economy. Bank of Canada Governor Tiff Macklem warned that the uncertainty surrounding
Protectionism
As the US economy navigates the consequences of President Trump's trade policies, a new risk emerges: tariffs in some form might persist for the next four years and become the new normal, even after Trump leaves office. Economists warn that the current trade environment is unlikely to revert
