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U.S. and China Agree to Temporarily Slash Tariffs in Bid to Defuse Trade War
The White House backed off from the steepest levies, as the costs of an all-out trade war with China threatened global economic growth.
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White House reduces tariff on low-cost imports from China
The Trump administration has lowered the tariff on low-value shipments (under $800) from China and Hong Kong from 120% to 54%, as part of a temporary trade
China presents a united front with Latin America, aiming to counter Trump's trade war
China is moving to strengthen its alliances as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American countries at an event in Beijing
Dow sees huge surge as US stocks open strong on trade deal with China
A deal with China is a relief to investors who worried tariffs as high as 145% would severely limit trade, raise prices and hurt the U.S. economy.
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