Reported 1 day ago
The United States and China have reached an agreement on a framework to reduce tariffs and trade tensions, pending final approval from Presidents Trump and Xi Jinping. Trump announced the deal, which includes a 55% overall tariff on Chinese goods, signaling an easing on issues related to rare earths and Chinese students in US colleges. The legal status of Trump's tariffs remains unclear as a federal appeals court has temporarily allowed them to remain in effect, but the administration aims to maintain momentum in negotiations while addressing inflation concerns.
Source: YAHOO