China, Trump and Tariff
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Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
The pause in super-high tariffs from the U.S. may discourage China from using the aggressive stimulus needed to jump-start its economy.
In a significant development for global trade, the United States and China have agreed to a 90-day pause in their escalating tariff war, substantially reducing tariffs on each other's goods. The US will cut tariffs on Chinese imports from 145% to 30%, while China will lower tariffs on American goods from 125% to 10%.
The U.S. and China have agreed to a trade deal, dropping U.S. tariffs against China from 145% to 30% for 90 days.
The international assessment by economists is that the US was forced to pull back from its frontal economic assault on China because of the damage this inflicted on itself.
Despite tariff pause, experts have warned traders will still face hurdles in competition for freight services and negotiating shipment costs.
Initial reports on the 90-day move to temporarily lower bilateral duties predicted a frenzy of new shipments from China. Experts say that likely won't happen.
The U.S. and China agree to a 90-day tariff rollback and fentanyl crackdown, signaling progress in trade talks and boosting market optimism.
President Donald Trump's trade war truce with China still leaves a hefty 30% tariff in place, at least for the time being, but the deal improves the outlook for the economy.
Business leaders welcome the 90-day reprieve but call for a longer-term trade deal.
By Amanda Cooper, Samuel Shen and Lewis Krauskopf LONDON/SHANGHAI/NEW YORK (Reuters) -A breakthrough in U.S.-China trade talks set off a relief rally in stocks on Monday and propelled the dollar higher,