Trump says China tariffs will stay high
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US and China are holding trade negotiations in London for a second day, following a tentative agreement in Geneva to pause tariff implementation for 90 days. Discussions address disagreements over AI semiconductors,
The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.
The CPI gives the latest update on consumer inflation, President Trump’s trade team is back from talks with China and Tesla CEO Elon Musk sets the stage for the debut of the long awaited robotaxis. FOX Business is providing real-time updates on the markets,
Washington and Beijing strike a fragile truce in London, easing rare earth curbs and export controls—but with limits in place, global trade stability remains uncertain.
President Donald Trump announced a new trade framework with China, under which the U.S. will receive magnets and rare earth
US-China trade negotiations resumed in London on June 9, following a joint statement issued in Geneva on May 12. In that agreement, both sides committed to lowering reciprocal and retaliatory tariffs,
The Trump administration is “highly likely” to extend next month’s deadline for countries to agree one-for-one trade deals — so long as they are engaged in “good-faith negotiations,” Treasury Secretary Scott Bessent told lawmakers Wednesday.
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Stock markets around the world are generally holding in place as the wait continues to hear what will come of trade talks underway between the United States and China.