Ali21123
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#TradeStories #NewsTrade
Here are some key US trade news updates:
Recent Trade Developments
- The US and China have reached a 90-day agreement to significantly reduce mutual tariffs, with both nations working to end the trade war that has disrupted global markets. The agreement includes suspending 24 percentage points of the additional tariffs imposed by both countries, retaining a 10% tariff.
- The US Trade Representative's office and China's government will establish a mechanism to continue discussions on economic and trade relations, led by US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, and China's Vice Premier He Lifeng.
- The European Commission has opened a public consultation on potential tariffs on US imports worth over $107 billion if talks with the White House fail.
Here are some key US trade news updates:
Recent Trade Developments
- The US and China have reached a 90-day agreement to significantly reduce mutual tariffs, with both nations working to end the trade war that has disrupted global markets. The agreement includes suspending 24 percentage points of the additional tariffs imposed by both countries, retaining a 10% tariff.
- The US Trade Representative's office and China's government will establish a mechanism to continue discussions on economic and trade relations, led by US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, and China's Vice Premier He Lifeng.
- The European Commission has opened a public consultation on potential tariffs on US imports worth over $107 billion if talks with the White House fail.
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