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68°
Thursday, jun 4
Tag:
Negotiations
Business
US, China Cut Tariffs In 'Substantial De-Escalation' Of Trump's Trade War
The US and China are stepping back from extremely high retaliatory tariffs placed on each other, lowering the duty rates to ease tensions and negotiate a potential trade deal. The White House announced the tariff-lowering agreement on Monday, May 12. Both countries will reduce their tariffs to a baseline 10% rate, with the US continuing to impose its 20% tariff on China related to fentanyl. The drastic reduction comes after President Donald Trump dramatically raised tariffs on Chinese imports to a combined 145%, causing Beijing to retaliate with a 125% tariff on US goods. The agreement also…
Politics
US, China Reach Breakthrough On Trade Deal After Geneva Talks: White House
After two days of intense, high-stakes negotiations in Geneva, the United States and China have reached a breakthrough on a new trade agreement aimed at easing tensions and addressing the $1.2 trillion trade deficit, the White House announced. Secretary of the Treasury Scott Bessent and US Trade Representative Ambassador Jamieson Greer announced the deal on Sunday, May 11, following face-to-face meetings with Chinese officials in Switzerland. BREAKING: U.S. Announces China Trade Deal in Geneva pic.twitter.com/JjgvYAvAGe — The White House (@WhiteHouse) May 11, 2025 “I’m happy to report …
Business
Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor
Chaos has shaken Wall Street for a third day as the White House denied rumors of a pause on President Donald Trump's sweeping new tariffs that sparked the worst sell-off since the start of the COVID-19 pandemic. The Dow Jones Industrial Average opened down roughly 1,250 points on Monday, April 7. The massive drop continued the market freefall that happened in the aftermath of Trump's "liberation day" announcement. Soon after trading opened, the Dow surged back into the green by around 10:15 a.m. The bounce back appeared to be in response to social media posts claiming Trump was conside…
Business
US, Mexico Reach Deal To Delay 25% Tariffs
Mexico and the US have reached an agreement to delay steep tariffs that were set to take effect on Tuesday, Feb. 4. Click here for a new, updated story: Proposed 25% US Tariff On Canadian Goods Will Be Paused After Earlier Deal With Mexico Mexican President Claudia Sheinbaum announced the deal Monday morning, Feb 3. It will pause the 25 percent levies for a month, and follows negotiations between Mexican officials and the Trump administration on border security and drug trafficking. Mexico committed to deploy 10,000 troops dedicated to stopping illegal drugs and migrants from…
Business
Arabica Coffee Prices Spike Amid Colombia-US Tariff Dustup
Prices of Arabica coffee hit record highs in the aftermath of threats of tariffs by both the United States and Colombia after a dispute involving migrant deportation flights. Arabica futures hit a record of $3.56 in the Intercontinental Exchange on Monday, Jan. 27, a day after the back-and-forth dustup a day earlier, according to The Wall Street Journal. The previous record of $3.48 was recorded in early December. The US imports about 30 percent of its coffee from Colombia. Colombia agreed to accept the flights after earlier turning back two planes. This prompted President Donald Trump to…
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