China, Trade Deal and White House
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After second day of talks with the U.S., Chinese Vice Premier He Lifeng said trade talks with the U.S. “achieved substantial progress and reached important consensus.”
An alumnus of the first Trump White House assessed that, of Trump’s Cabinet, Bessent seems to be the “most serious person in the room.”
The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”
The announced deal between the US and Saudi Arabia was made as President Donald Trump's White House focuses on a business-first approach.
Reuters on MSN1d
Trade deal: de minimis tariffs slashed, Boeing ban liftedThe United States will cut the low value "de minimis" tariff on China shipments, a White House executive order said on Monday, further de-escalating a potentially damaging trade war between the world's two largest economies,