China, Trump and tariffs
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Donald Trump's tariff blitz is yielding some initial deals, including a 90-day pause in sky-high U.S. and Chinese duties and a limited trade pact with Britain, but the U.S. president is far from rebalancing global commerce flows,
Trump touts his UK trade deal, names Jeanine Pirro as U.S. attorney, and Pope Leo XIV's social media gets scrutiny.
Treasury Secretary Scott Bessent and other U.S. officials are set to speak with counterparts from China at a meeting in Switzerland this weekend.
The phone calls between the President and the country's most lucrative tech company's CEO have become regular, though it isn't clear what they accomplish beyond keeping Apple on the nice list.
Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.
The new deal between the United State and China means Americans can expect smaller price hikes in coming weeks and fewer shortages.
Live updates and the latest news as the U.S. and China pause tariffs and Trump signs an executive order aimed at lowering drug prices.
1don MSN
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.