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US-China trade war as it happened: Washington and Beijing agree to reduce tariffs; S&P 500 notches third-biggest jump past of 5 years
Global markets rose after the US and China slashed tariffs for 90 days in a significant de-escalation of the trade war. US tariffs on Chinese goods will fall to 30 per cent from 145 per cent and Chinese duties on US imports will fall to 10 per cent from 125 per cent, the two countries announced on Monday.
Beijing, Washington agreed to drastically lower sky-high tariffs in a deal that emerged from pivotal talks in Geneva.
At the China-CELAC Forum in Beijing, the Chinese foreign minister offered to accept more Mexican imports and encouraged ...
The White House backed off from the steepest levies, as the costs of an all-out trade war with China threatened global ...
The result has been a raft of trade wars between Washington and other governments, Beijing foremost among them. Trump’s ...
Tariffs aren’t the only battleground to keep an eye on in the trade war between the US and China. Access to Wall Street could ...
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China pauses rare earth export restrictions on 28 US entities after trade truceIn a significant step toward easing trade tensions, China on Wednesday lifted export restrictions on rare earths and military ...
Brazil signed protocols with China on Tuesday to allow exports of an ethanol by-product used in animal feed, challenging U.S.
Wall Street was on track to open with losses as the initial euphoria over the 90-day truce in the U.S.-China trade war faded.
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