China, trade talks
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BBC |
"Global unity can triumph over trade tyranny," declared an editorial in the state-run newspaper China Daily, noting Beijing's collaborations with Japan, South Korea and other Asian economies.
ABC |
President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%.
Reuters |
China is willing to deepen trade, investment and industrial cooperation with the European Union, Minister Wang Wentao said.
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4hon MSN
Trump announced a 90-day pause on tariffs Wednesday that excluded China, which will see increased tariffs after Trump accused it of showing “a lack of respect” to world markets.
Analysts now talk not just of a war over trade, but one that could spread beyond technology to investment and other realms.
China hit back at U.S. President Donald Trump singling out the world's second-largest economy for tariffs of more than 100% by raising additional duties on American products to 84% on Wednesday, deepening the trade war between the two superpowers.
China’s latest move: an additional 50 percent tariff on U.S. goods. Neither side wants to look weak by backing down, but a collapse of their trade ties could have profound consequences.
President Donald Trump's severe tariffs against virtually all U.S. trading partners took effect on Wednesday at 12:01 a.m. ET. Among them is a hefty 104% tariff rate on China.
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Treasury Secretary Scott Bessent said he envisions reaching trade agreements with US allies that would then lay the ground for a collective approach toward Beijing to address what he described as China’s unbalanced trade structure.
Beijing issued a lengthy denunciation of U.S. trade policies and accused Washington of violating a trade deal the countries reached in President Trump’s first term.
President Donald Trump threatened to add new tariffs on China if Beijing doesn’t remove its retaliatory duties by today. Follow live news updates as countries and the stock market react to Trump’s tariff moves.