#TradeStories

#NewsTrade – Key US Trade Developments

US-China Tariff Truce

The US and China have agreed to a 90-day pause on escalating tariffs, aiming to ease tensions and resolve the ongoing trade war. Both sides will roll back 24% of additional tariffs, maintaining a 10% baseline tariff during negotiations.

Bilateral Dialogue Mechanism

A formal dialogue mechanism has been set up, led by US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer, and China’s Vice Premier He Lifeng, to facilitate ongoing economic and trade discussions.

EU's Trade Warning

The European Commission is preparing potential retaliatory tariffs on $107 billion worth of US goods, launching a public consultation should negotiations with the White House break down.