China, Trump
Digest more
As Donald Trump shakes up the very institutions, alliances, and free trade order that have underpinned America’s global dominance since World War II, some in China are reminded of their own former leader — one who wielded revolutionary zeal to tear down the old world more than half a century ago.
Beginning Wednesday, shipments arriving in the United States from China and Hong Kong worth less than $800 could face 54 percent tariffs.
President Donald Trump hailed a “total reset” in trade relations between the U.S. and China. But other trading partners may not find negotiations quite so smooth. To many, China may have appeared the toughest agreement to reach but Trump suggested otherwise, taking aim at the European Union Monday.
China’s surprisingly quick agreement with the US to wind back punitive tariff rates put a spotlight on a Chinese negotiating team that features decades worth of technical trade experience alongside a top aide of President Xi Jinping.
Explore more
JPMorgan reduced its forecast for the chance of a recession this year after the U.S. and China temporarily lowered the higher tariffs they imposed.
Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China's Envision Energy to produce sustainable aviation fuel, as the country's president visits China. President Luiz Inacio Lula da Silva met with energy companies as well as with automaker GAC,
That is the U.S.’s effective tariff on China, with the deal announced after a weekend of negotiations, according to Evercore ISI. That figure includes levies in place be
The Supreme Court will hear arguments tomorrow about birthright citizenship. How we got here: Trump tried to ban giving U.S. citizenship to children born to foreign visitors and undocumented immigrants. After judges stepped in, he appealed to the high court.
Former Fed president Bill Dudley warned that the central bank risks mistiming interest rate cuts if the economy stumbles into a recession.