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Trump officials say trade deal reached with China but details remain unclear
The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
The weekend deal adds to the sense that President Donald Trump may be backing off some of the more stringent trade tariffs.
El Mundo on MSN2h
First agreement between the US and China, materializing the thaw of their trade war with a tariff cut for 90 daysWashington will reduce tariffs to 30% for 90 days, while Beijing will lower them to 10%. The suspension will take effect on ...
U.S. stocks climbed Monday after Treasury Secretary Bessent touted substantial progress on talks with the Chinese setting up ...
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