US strikes trade deal with China
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The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
GENEVA (Reuters) -Switzerland has moved to the front of the queue for a trade deal with the United States, U.S. Treasury Secretary Scott Bessent said on Monday, after the Alpine country hosted surprisingly successful U.S.-China trade talks this weekend.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.
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,
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The Mavericks felt that Doncic didn't give them the best chance to win a title — despite the fact that they made the NBA Finals just a year ago — constantly repeating the phrase "defense wins championships" as the explanation for the deal.
US and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.
Britain's FTSE was 100 flat on Tuesday after a rally fuelled by a U.S.-China trade truce, while fresh data revealed a cooling UK labour market that could influence the Bank of England's future rate decisions.
The U.S. and China are undergoing trade talks in their first meeting since President Trump imposed a 145% tariff on China. Commerce Secretary Howard Lutnick previewed the meeting as a de-escalation. John Avlon,