China, Trump and tariff war
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The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, a White House official told CNN. Without the agreement, tariffs were set to immediately surge,
A 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended
China’s small and medium companies are rushing shipments, raising prices, and shifting supply chains as the U.S.-China trade outlook remains uncertain.
South Korean President Lee Jae Myung will send a special delegation to China from August 24-27, his spokesperson said on Friday, as Seoul and Beijing increasingly align in response to U.S. President Donald Trump's tariffs policy.
China has reported its economy showed signs of slowing in July as factory output and retail sales slowed while housing prices fell further.
President Donald Trump on Friday announced he’s directing his administration to investigate imports of furniture into the United States that will lead to higher tariffs by October.
Scott Moe, premier of the western Canadian province of Saskatchewan, said on Thursday that he would travel to China soon for talks on persuading Beijing to drop its new tariffs on canola. China hit Canadian canola seed imports with preliminary 75.
Treasury Secretary Scott Bessent indicated the US is satisfied with the current tariff set up with China, a signal the Trump administration is looking to maintain calm with its economic rival before a trade truce expires in November.