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Trump officials say trade deal reached with China but details remain unclear
The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
Both sides are hailing the temporary reprieve, which will cut U.S. duties on Chinese goods to 30 percent, but analysts say ...
White House economic advisor Kevin Hassett said the Chinese were "very, very eager" to rebalance trade relations with the United States.
U.S. futures surged Monday after the U.S. and China announced they were suspending for 90 days most of the sharp tariff hikes ...
U.S. futures surged after the U.S. and China announced they were suspending for 90 days most of the sharp tariff hikes each ...
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