US And China Resume High-Stakes Talks In Stockholm
Digest more
Trump Says He Has A Tariff Deal With EU, Avoiding Trade War
Digest more
The US and China have started a fresh round of talks as expectations grow that the world's two biggest economies could agree a 90-day extension to their trade war truce.
They’re talking right now, but the decision-maker, of course, is President Trump,” Lutnick said of the state of negotiations with China.
India has overtaken China as the top smartphone exporter to the U.S., driven by Apple’s manufacturing pivot and a 240% jump in Indian production.
The Stockholm meeting — following similar talks in Geneva and London in recent months — is set to extend a 90-day pause on those tariffs. During the pause, U.S. tariffs were lowered to 30% on Chinese goods, and China set a 10% tariff on U.S. products.
Explore more
President Trump and European Commission President Ursula von der Leyen announced Sunday that the US and EU had agreed to the framework of a trade deal that included a baseline tariff rate of 15% on EU goods imported into the US.
A US trade court has for now denied an effort to restore a tariff exemption for small-value packages from China that President Donald Trump ended earlier this year.
Asian shares are mostly lower as some of the euphoria fizzles out over a tariff deal with Japan as proposed recently by President Donald Trump