China, Donald Trump
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President Donald Trump’s agreement with China to temporarily slash tariffs for 90 days offered the world a bit of welcome relief.
Trade deals are driving the recovery for U.S. stocks with the S&P 500 erasing all of its losses post Liberation Day. President Trump continues his Middle East trip striking partnerships and investments,
The U.S. and China agreed to lower tariffs for 90 days. The details: U.S. tariffs on Chinese goods will fall to 30 percent from 145 percent. Meanwhile, China’s blanket tariffs on U.S. products will drop to 10 percent from 125 percent. A few tariffs will remain. President Donald Trump signed an order to lower prescription drug prices.
Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.
After months of tension, the United States and China have taken a step toward easing their strained trade relationship, announcing a deal following w
President Donald Trump is expected on Monday to embark on an official visit to the Middle East, a major international trip during which he and his diplomats will continue pushing for peace between Russia and Ukraine and in the Gaza Strip.
The weekend deal adds to the sense that President Donald Trump may be backing off some of the more stringent trade tariffs.
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Investor's Business Daily on MSNStock Market Today: Dow Jones Soars 1,000 Points, "Mag 7" Surge On China Trade Deal; Bitcoin Stocks Shine (Live Coverage)The Dow Jones surged on the stock market today. Treasury Secretary Bessent spoke out on China amid tariff progress. Alibaba cleared an entry.