China, Trade Agreement
Digest more
Top News
Overview
Event details
President Donald Trump hailed a “total reset” in trade relations between the U.S. and China. But other trading partners may not find negotiations quite so smooth. To many, China may have appeared the toughest agreement to reach but Trump suggested otherwise, taking aim at the European Union Monday.
What was effectively a U.S.-China trade embargo didn't last long, but businesses now know they need to mitigate tariff uncertainty, while China has seen how its trade retaliation
Global banks are reviewing their China calls after the thawing of trade relations between Washington and Beijing.
President Trump on Saturday suggested a “total reset” in U.S.-China trade relations amid reported talks over tariffs in Switzerland between the two countries. “A very good meeting today with China, in Switzerland. Many things discussed, much agreed to.
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.”
Global markets are rallying on optimism over Washington and Beijing reaching a major, if temporary, détente in their tariff fight.
Former New Hampshire Gov. Chris Sununu (R) said Sunday that the Trump administration has “about six weeks” when it comes to a China tariff deal to give the market and small businesses