Trump Claims Victory In China Trade War
Digest more
Top News
Overview
Impacts
After confirming Thursday that he’d raised tariffs on Chinese imports to 145%, Trump insisted that his personal chemistry with President Xi Jinping would be decisive.
From CNN
U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.
From Reuters
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Com...
From Reuters
Read more on News Digest
As the world’s two biggest economies face off over trade, a Chinese diplomat shared a video of the late leader Mao Zedong and declared that Chinese people “don’t back down.”
Oil prices were stable on Friday but on track for their second weekly loss in a row against a backdrop of investor concern over the burgeoning trade war between the United States and China.
Untangling the two economies has profound implications for businesses and consumers in both countries, as well as the rest of the world.
As President Trump threatens China with even more tariffs, Beijing says it will never bow to "unilateral bullying," and "will fight to the end."
US stocks whipsawed on Friday as consumer sentiment tumbled, 10-year Treasury yields rose, and investors weighed the latest tariff development in the trade war between the US and China. Meanwhile, consumer sentiment tumbled to its lowest level since 2022 in April as the impacts of President Trump's tariff policies remained top of mind.
Explore more
Panama promotes itself “as the bridge of the world, heart of the universe” but lately the narrow Central American Isthmus and its namesake canal that joins the Atlantic to the Pacific have become the setting for a bitter clash between the world’s two preeminent economic superpowers.
A deepening trade war could further weaken ties between the superpowers. The effects will reverberate everywhere.
President Donald Trump increased the tariffs on goods from China, setting off retaliatory tariffs. Here are the top items China imports from the US.