Trump, China
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Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement
The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.
That is the U.S.’s effective tariff on China, with the deal announced after a weekend of negotiations, according to Evercore ISI. That figure includes levies in place be
Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs
The U.S. trade deal with China, even if temporary, could present some relief for markets. Click here for more Dividend Ideas.
The agreement was cheered in Beijing as vindication for Xi Jinping and his defiant response to President Trump’s trade war.
China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the U.
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Trump Lowers Tariffs for Temu, Shein Packages, But It's Still Probably More Than You Want to PayThe Trump administration drops the tariff rate on packages from China valued at under $800 from 120% to 54%, but that's still pretty high for a Shein haul.
The Trump administration cut tariffs on low-value parcels from China by more than half, shortly after Washington and Beijing agreed a trade truce. From Wednesday, shipments worth less than $800 from China will be charged 54%.
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