Here’s what we know about US-China tariff agreement
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The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.
German liner Hapag-Lloyd has seen cargo bookings surge following the tariff agreement between China and the US. The company has logged a 50% jump in volumes in the past week. That was “not unexpected” given that cargo in China that now needs to move.
US economic outlook improves, inflation forecasts drop and recession odds fall after US-China trade deal to reduce the highest tariffs for 90 days.
Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.
The container shipping industry on Monday welcomed an agreement between the United States and China to temporarily slash punishing tariffs, saying it expected to be buoyed by a resulting recovery in bookings from China to the U.
WASHINGTON (AP) — 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.
Chinese leader Xi Jinping has taken aim at “bullying” and “hegemonism,” in his first public remarks since a temporary truce over tariffs was agreed in the trade war between the United States and China.
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