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  5. Donald Trump Announces 90-Day Tariff Reduction with China

Donald Trump Announces 90-Day Tariff Reduction with China

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Following the 90-day trade truce agreed upon by China and the United States, global stock markets have reacted positively, with the S&P 500, Dow Jones, and Nasdaq experiencing significant gains, ranging from 2.4% to 3.3%. The US Treasury Secretary, Scott Bessent, describes the talks as "productive" and "robust." A key aspect of the agreement is the reduction of tariffs on both sides. The US has agreed to lower its tariffs on Chinese goods from 145% to 30%, while China has agreed to reduce its tariffs on US imports from 125% to 10%.

  1. CN
    Li Chenggang
    Chinese Commerce Ministry
    1. As we say back in China, 'If the dishes are delicious, the timing doesn't matter'.
  2. CN
    He Lifeng
    Chinese Communist Party
    1. The meeting achieved substantial progress, and reached important consensus.
  3. US
    Donald Trump
    Republican Party
    1. These discussions may be conducted alternately in China and the United States, or a third country upon agreement of the Parties. As required, the two sides may conduct working-level consultations on relevant economic and trade issues.
    2. They've agreed to open China, fully open China, and I think it's going to be fantastic for China, I think it's going to be fantastic for us, and I think it's going to be great for unification and peace.
  4. US
    Jamieson Greer
    US Trade Representative
    1. It's important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not so large as maybe thought.
    2. We're confident that the deal we struck with our Chinese partners will help us to work toward ­resolving that national emergency.
  5. NL
    ING bank
    1. This was a larger-than-expected de-escalation and represents an upgrade to the outlook, though the negotiation process will likely remain challenging.
  6. US
    Scott Bessent
    US Treasury Department
    1. And what had occurred with these very high tariffs ... was the equivalent of an embargo, and neither side wants that. We do want trade.
    2. The consensus from both delegations this weekend was neither side wants a decoupling.
  7. DK
    Jens Eskelund
    European Union Chamber of Commerce
    1. Businesses need predictability to maintain normal operations and make investment decisions.
    2. While the Chamber is encouraged by the decision, uncertainty remains.
  8. AU
    Dmitry Grozoubinski
    Geneva Trade Platform
    1. But is there things the two sides can do for one another that would make both sides happy, at least a little bit? Sure, there absolutely must be.

Trump's tariffs

  1. US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva
  2. Donald Trump Proposes Significant Reduction in China Tariffs Amid Ongoing Trade Negotiations
  3. EU Publishes List of US Products for Potential Tariffs

sources

  1. 1.France 24
  2. 2.Al Jazeera
  3. 3.The Guardian
  4. 4.The Korea Herald
  5. 5.The Washington Post
  6. 6.CNA News
  7. 7.DW News
  8. 8.ABC News (Australia)
  9. 9.The Times
  10. 10.NPR
  11. 11.BBC
  12. 12.Le Monde

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.AustraliaAU
  2. 2.BrazilBR
  3. 3.SwitzerlandCH
  4. 4.ChinaCN
  5. 5.GermanyDE
  6. 6.DenmarkDK
  7. 7.FranceFR
  8. 8.United KingdomGB
  9. 9.Hong KongHK
  10. 10.IndonesiaID
  11. 11.CambodiaKH
  12. 12.NetherlandsNL

organizations

  1. 1.White HouseUS
  2. 2.US Treasury DepartmentUS
  3. 3.JPMorgan Chase
  4. 4.United Nations
  5. 5.Chinese Commerce MinistryCN
  6. 6.CitigroupUS
  7. 7.Dow Jones
  8. 8.Federal Reserve SystemUS
  9. 9.ING bankNL
  10. 10.Meet the Press
  11. 11.Nasdaq
  12. 12.Pinpoint Asset Management

persons

  1. 1.Scott BessentUS
  2. 2.Donald TrumpUS
  3. 3.Jamieson GreerUS
  4. 4.He LifengCN
  5. 5.Li ChenggangCN
  6. 6.Xi JinpingCN
  7. 7.Hu XijinCN
  8. 8.Liao Min
  9. 9.William Xin
  10. 10.Joe BidenUS
  11. 11.Karoline LeavittUS
  12. 12.Ngozi Okonjo-IwealaNG

technicals

  1. 1.Economic and Financial Working Groups
  2. 2.Air Force One
  3. 3.Liberation Day