Negotiators said the two governments would stick to a previous truce and reduce tensions that had escalated in recent weeks between the world’s largest economies.
Category: Customs (Tariff)
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World Bank Forecast Underscores Cost of U.S. Trade War
Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.
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Trump Aides Urge Court to Spare Tariffs as They Dismiss Worries in Public
The dueling narratives come as the administration is asking an appeals court to preserve a set of tariffs recently deemed to be illegal.
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U.S. and China to Meet at Precarious Moment in Trade War
Officials from both sides are set to talk on Monday in London, aiming to resolve differences over tariffs and supply chains that have endangered a fragile truce between the countries.
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Solid Jobs Report Bolsters Fed’s Patience on Rate Cuts
The central bank is in wait-and-see mode amid extreme uncertainty about the economic outlook.
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As Trump’s Tariffs Reshape Trade, Businesses Struggle With Economic Uncertainty
Policymakers and business owners are navigating a highly uncertain moment for the economy, wary of overreacting but watchful of a meaningful downturn.
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How ASML, a Key Supplier to the Chip Industry, Is Navigating Trump’s Trade War
ASML, the Dutch company that makes multimillion-dollar tools to manufacture advanced semiconductors, is grappling with the repercussions of a tech trade war.
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U.S. Trade Deficit Plummets in April
U.S. trade fell sharply as President Trump’s global tariffs began to weigh on imports.
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Procter & Gamble to Cut 7,000 Jobs Amid Tariff Uncertainty
The reductions will come over two years as the consumer products giant seeks to reorganize.
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UK Gets Steel Tariff Exemption, but Europe Pays Double
Despite an exemption from 50 percent tariffs, Britain still has to pay a 25 percent duty because its trade deal with the United States has yet to be put in place.