U.S. and China to talk trade in Stockholm
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YEN.com.gh on MSNUS-China set to meet with extension of tariff pause on the cardsTop economic officials from the United States and China are set to renew negotiations Monday -- with an extension of lower tariff levels on the cards -- as President Donald Trump's trade policy enters a critical week.
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The Trump administration’s trade deal with China that sharply lowered the tariff rate on Chinese imports is expected to be extended past its Aug. 12 deadline, Treasury Secretary Scott Bessent predicted Tuesday, though he maintained higher tariff rates on other countries’ imports are still slated to take effect Aug. 1 as scheduled.
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ABP News on MSNUS And China Race To Secure Tariff Pause Before August 12 DeadlineWithout a new deal, American levies could return to triple-digit levels — effectively imposing what some analysts describe as a “bilateral trade embargo.”
Trump, has pushed for tougher trade rules on China and imposed a 20% tariff in March over the fentanyl crisis, accusing Beijing of not doing enough to stop the flow of the drug into the United States.
The GBP/USD pair posts modest gains near 1.3440 during the Asian trading hours on Monday. The latest optimism fueled by a trade deal between the United States and the European Union triggers a fresh wave of the global risk-on sentiment, which boosts the Pound Sterling.
China’s budget deficit climbed to a fresh record in the first half, highlighting intensified government efforts to shore up domestic demand as Donald Trump’s tariffs reduce exports to the US.
Shein shoppers in the U.S. are facing steep price hikes after a key tariff exemption ended. The policy shift, part of Trump’s broader trade crackdo
As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.
Investors will not be able to look away over the coming week as every single day could produce significant market-moving news.