US and China agree to slash tariffs
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The 90-day tariff truce between the US and China is expected to increase shipments and production over the next three months. The de-escalation also provides relief for China’s economy. “We now believe H1 growth will be stronger than previously expected,
The agreement was cheered in Beijing as vindication for Xi Jinping and his defiant response to President Trump’s trade war.
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Explícame on MSNChina says Trump's tariffs do not seriously affect its economyIn response to President Donald Trump's assertions, China maintains that its economy remains robust despite the impact of U.S. tariffs.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.
In its first concrete steps since Trump ratcheted up tariffs, Beijing stuck to its incremental approach to addressing economic pain.
The world's largest contract electronics maker, Foxconn (601138.SS, 2354.TW) said on Wednesday that despite its quarterly profit rising 91% and beating estimates, due to strong demand for its AI servers,
The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.