Tag: China tariffs
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Trump Cuts China Tariffs After Talks With Xi, Rare Earths Issue Settled
Overview: A Tentative Breakthrough in US-China Trade Talks President Donald Trump announced a notable shift in the ongoing U.S.-China trade saga, saying tariffs on Chinese goods would be reduced by 10 percentage points, moving from 57% to 47%. He framed the decision as part of a broader set of conclusions reached with Chinese President Xi…
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Trump Cuts China Tariffs After Talks With Xi Jinping, Rare Earth Issue Settled
Overview: A New Chapter in US-China Trade Talks In a surprise development, President Donald Trump announced that tariffs on Chinese goods will be reduced from 57% to 47%. The move comes after high-level discussions with Chinese President Xi Jinping, during which both sides reportedly reached consensus on several critical aspects of the ongoing trade relationship.…
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Wall Street plunges on Trump’s massive China tariffs warning
Wall Street tumbles as Trump signals a sharp tariff escalation Investors rode a volatile wave Friday as President Donald Trump teased a “massive” increase in tariffs on Chinese imports, stoking fears of a renewed escalation in global trade tensions. The morning had suggested a modest gain, but a post on Trump’s Truth Social platform quickly…