At the end of the day, the brunt of the tariffs will fall on US consumers, especially lower-income ones who rely on relatively inexpensive products from China. Now, Americans can expect longer wait times and higher prices, trade experts told CNN.

President Donald Trump’s sudden move to lower tariffs on goods from China to 30% from 145% has thrown a lifeline to America’s small businesses who were running low on inventory — and cash.

While U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the te

The indexes, which had been swinging between gains and losses, rose sharply after Trump's remarks, with the Nifty 50 closing the day 1.6% higher at 25,062.10 and the BSE Sensex gaining 1.48% to 82,530.

New Delhi is seeking to clinch a trade deal with the U.S. within the 90-day pause on tariff hikes announced by Trump on April 9 for major trading partners, which had included a 26% tariff on India. (Reporting by Nayera Abdallah,

President Trump said he spoke to Apple CEO Tim Cook about "building in India" after moving out of China, but added that India has "offered us a deal where basically they're willing to literally charge us no tariff.