China, Trump and Tariffs
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Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement
That is the U.S.’s effective tariff on China, with the deal announced after a weekend of negotiations, according to Evercore ISI. That figure includes levies in place be
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.
A White House executive order said on Monday that the U.S. would cut the "de minimis" tariff on China shipments to 54% from 120%, with a flat fee of $100 to remain starting from May 14.
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PCMag on MSNTrump Lowers Tariffs for Temu, Shein Packages, But It's Still Probably More Than You Want to PayThe Trump administration drops the tariff rate on packages from China valued at under $800 from 120% to 54%, but that's still pretty high for a Shein haul.
A handful of companies could make or break Trump’s AI plans, Reva Goujon and Ben Reynolds write in a guest commentary.
Honda has reported its profit for the fiscal year through March slipped 24.5% from the previous year as its vehicle sales in China dropped
The new deal between the United States and China means Americans can expect smaller price hikes in coming weeks and fewer shortages.