Trump, Xi Hail US-China Trade Deal as Markets Climb on Easing Tensions
12 Articles
12 Articles
The US President gives some details of the trade agreement reached to de-escalate tensions with China, which also includes lifting restrictions on the enrolment of Chinese students in the US. According to Trump, the US would rise from 30% to 55% agreed in May, while China would continue to impose 10%.
China Found World’s Pain Point on Trade — and Will Use It Again
For months Donald Trump pushed tariffs and trade restrictions on China to unprecedented levels, part of a strategy to force Xi Jinping into talks the US president expected would help cut the trade deficit and boost American manufacturing.
Washington will impose 55 percent of tariffs on Beijing, which in turn will maintain 10 percent of taxes on the United States.
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- 40% of the sources lean Left, 40% of the sources are Center
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