CHINA TARIFF
How US-China tariffs reached sky-high levels in 3 months
US and China are set to meet in Switzerland for trade talks. This follows months of increasing tariffs between the two nations. These tariffs have negatively impacted exporters and economies. The US has tariffs of 145% on Chinese goods. China's tariffs on US goods are at 125%. Donald Trump is open to lowering tariffs if China makes concessions.
China’s consumer deflation extends as tariffs take toll
Policymakers are implementing measures to stimulate the economy, while trade talks with the US offer potential tariff relief.
US stocks trade in a range as Trump plans to ease China tariffs ahead of weekend meet
Wall Street's main indexes opened higher on Friday as investors assessed fresh remarks from President Donald Trump regarding U.S. tariffs on China ahead of a key weekend meeting between the two countries.
US stock market today: Wall Street slips as Dow drops 113 points, S&P 500 and Nasdaq dip 0.3%—Trump eyes 80% China tariff, UK trade deal offers hope — will trade talks calm the storm or fuel more turmoil?
US stock market today: Stocks fall Friday as traders grow cautious ahead of key U.S.-China trade talks. The Dow dipped 113 points, while the S&P 500 and Nasdaq both slipped 0.3%. Tensions remain high with President Trump suggesting an 80% tariff on China, down from the current 145%. Meanwhile, a new trade deal with the U.K. offers hope but uncertainty looms. Companies like Coinbase, Expedia, and Monster Beverage also moved on weak earnings. Investors are watching closely as the weekend's talks could shape markets going forward. Will the China talks ease pressure, or spark more volatility?
US-China trade talks a 'positive' step toward de-escalation: WTO chief
The head of the WTO has welcomed upcoming talks between US and Chinese officials this weekend, calling them a "positive and constructive step toward de-escalation" in their ongoing trade dispute, her spokesperson said on Friday.
Will Trump's proposal to cut tariffs on China to 80% signal a shift in trade policy?
Donald Trump is thinking about reducing tariffs on China. This is before important meetings between officials from the United States and China in Switzerland. These talks aim to reduce trade tensions. Trump mentioned a possible tariff decrease on social media. Top officials from both countries will discuss trade matters. This happens amid worries about the effect of tariffs on prices.
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As trade talks begin, Chinese exporters prepare to get goods moving to US again
Following tariff-induced cancellations, China-based shipping agents are resuming container space purchases for U.S.-bound goods as trade talks loom. U.S. retailers, facing potential empty shelves due to inventory depletion, are restarting shipments despite existing tariffs. While optimism for tariff reduction grows, some experts caution that a swift resolution to the trade war remains unlikely.
China says it has full confidence in ability to manage US trade issues
Chinese Vice Foreign Minister Hua Chunying expressed confidence in China's ability to manage U.S. trade issues ahead of crucial talks in Switzerland. Hua asserted that the U.S. trade policy is unsustainable, emphasizing the impact of tariffs on ordinary Americans. Despite not wanting conflict, China is prepared to face challenges and believes the U.S. will eventually return to a normal approach.
Asian stocks edge up on optimism about trade talks
Shares in Japan, which was negotiating with the US for a deal to lower levies, jumped 1.1% while a regional gauge made moderate gains. Treasuries were little changed at the open after yields surged in the prior session, with traders paring bets on interest rates. Bitcoin extended its rally, rising 0.4% to around $103,000. Gold rebounded early Friday after falling in its two previous sessions. The Nasdaq Golden Dragon China Index rose 1% during US trading.
US weighs plan to lower China tariffs to as low as 50%: Report
Reports indicate that the Trump administration may reduce tariffs on Chinese imports. The tariff could be slashed by more than half. The New York Post reported this news citing sources. However, the White House has dismissed the report. The White House calls it speculation. The White House spokesperson said that tariff decisions will come directly from the President.
Trade game begins, first moves on board
The People's Bank of China cut interest rates amidst trade negotiations with the US, signaling a focus on growth targets despite uncertain impact on demand. Meanwhile, the US Federal Reserve held rates due to tariff-induced inflation concerns. With China facing a slowdown and the US grappling with inflation, both nations may eventually need fiscal measures to facilitate a trade settlement.
From electronics to everyday essentials: These popular Chinese-made products may soon vanish from U.S. shelves amid trade tensions
The US may face product shortages due to the US-China tariffs war. Chinese goods shipping to the US are decreasing. Experts warn that store shelves could be empty this summer. Items like toys, clothes, shoes, and bedding may be hard to find. Retailers are cutting back on orders due to high tariffs. This situation may resemble pandemic-era shortages.
China rolls out stimulus, ahead of talks with US
China revealed steps to tackle economic impact of trade tensions with the US. The central bank will cut interest rates and reduce bank reserve needs. This aims to boost lending and support businesses. Talks between US and China are planned in Geneva. Both economies show signs of strain. China hopes to safeguard its interests.
China agreed to U.S. tariff talks but is likely to play hardball
China agreed to trade talks with the U.S., aiming to portray itself as responsible amid global economic concerns. Despite maintaining a firm stance against coercion, Beijing softened its position due to the economic impact of trade tensions. Both nations seek tariff reduction, but the path to a deal remains uncertain, with initial talks focusing on de-escalation.
Thank Trump for not getting your dolls: US Treasury Secretary tells girls amid ongoing trade war with China
US President Donald Trump recently faced backlash for repeatedly saying in recent days that children can get by with fewer dolls this year if his sweeping tariff policies drive up living costs for families. Trump's US Treasury Secretary Scott has now come out in his defense amid rising tensions with China.
Trump says China wants to negotiate, meet at right time
President Trump announced that China is eager to negotiate a trade deal to resolve tariff disputes, and he suggested potential renegotiations of the United States-Mexico-Canada Agreement at an appropriate time.
Xi heads to Russia on mission to weaken US power on world stage
Xi Jinping is visiting Moscow to strengthen ties with Vladimir Putin. This visit happens amidst a trade war isolating Washington. Xi will attend a parade marking World War II victory. China aims to counter the US-led world order with Russia's support. Both nations face economic challenges. The visit highlights their joint goal of challenging US.
China warns US tariffs pose 'unprecedented huge risks' to global economy amid ongoing trade war
China's finance minister criticized US tariffs for creating significant risks to the global economy at an Asian Development Bank meeting. He accused an unnamed country of initiating tariff and trade wars, advocating for multilateralism. Despite China's openness to negotiations, it insists on the removal of US tariffs, which Trump has rejected, even as both economies feel the impact.
Threatened by Trump tariffs, Japan walks delicate tightrope between US and China
Amidst US tariff pressures, Japan navigates a complex relationship with China, balancing economic opportunities with historical tensions and security alliances. While seeking tariff resolutions with Washington, Japan engages with Beijing, signaling a pragmatic approach to regional stability. Simultaneously, Japan strengthens ties with Southeast Asian nations, competing with China for influence in the face of evolving trade dynamics and US policies.
Indian bonds could offer better returns than stocks in near term: Bhanu Baweja, UBS Bank
I'm not sure the worst is over for the markets yet, as the base case for tariffs remains a difficult question. It's also possible that reciprocal tariffs could be reinstated on July 2. We assume 10% universal tariffs, with China's tariffs reduced from 145% to 60%, but even this isn't fully priced in.
China's services growth hits 7-month low as tariffs bite, Caixin PMI shows
China's services sector experienced its slowest expansion in seven months in April, as the Caixin PMI fell to 50.7, impacted by U.S. tariffs and subdued business sentiment. New business growth weakened, leading to job cuts and price reductions by service providers. Policymakers are urged to take action to mitigate the effects of the ongoing trade standoff.
Amid rising vigil, here's what latest data on electronics import from China shows
Recent data indicates a decline in electronics exports to India and the US from China during January and February, prompting concerns about a potential import surge. A high-level group is monitoring shipments from China and ASEAN, focusing on sectors like electronics and steel.
China says US must show sincerity before tariff talks can proceed
China's Ministry of Commerce on Friday said that the country is currently evaluating the situation after the United States made multiple recent attempts to initiate dialogue over tariffs through various official channels, according to a report by Xinhua.
China mulls opening communication lines with US on trade
China is considering trade talks with the U.S. after observing signals from Washington expressing a willingness to negotiate tariffs. This development follows increased tariffs by the U.S. and subsequent retaliation from China, potentially signaling a shift in the economic stalemate.
US ends duty-free shipping loophole for low-cost goods from China
The United States has ended a tariff exemption for Chinese goods under $800, impacting e-commerce giants like Shein and Temu. This move, justified by the White House as countering opioid flows, imposes tariffs up to 145% and is part of an escalating trade conflict between the US and China.
China 'evaluating' US offer to negotiate tariffs; Beijing's door is 'open'
China considers Washington's offer for trade talks regarding Donald Trump's tariffs. The Commerce Ministry states Beijing is assessing the proposal. China demands the U.S. rectify its practices and remove tariffs. The U.S. expresses optimism for easing trade tensions. Scott Bessent hopes for de-escalation and a larger trade deal. Xi Jinping urges officials to adapt to international changes.
How Trump tariffs have begun to bite China
Despite China's attempts to downplay the impact, Trump tariffs are beginning to affect its economy, as evidenced by shrinking factory activity and potential copper shortages. In response to these economic pressures, China is creating a 'whitelist' of US-made products that will be exempted from its tariffs, signaling a quiet effort to ease the trade war's impact.
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