Tariffs will be 'higher' if no deal with China, Trump says
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The agreement is pressuring manufacturing hubs such as Vietnam and Mexico to make their own, better deals with the United States.
Chinese leader Xi Jinping has taken aim at “bullying” and “hegemonism,” in his first public remarks since a temporary truce over tariffs was agreed in the trade war between the United States and China.
The Trump administration cut tariffs on low-value parcels from China by more than half, shortly after Washington and Beijing agreed a trade truce. From Wednesday, shipments worth less than $800 from China will be charged 54%.
Negotiators from both sides have agreed to establish a dialogue mechanism for further talks, and US President Donald Trump says he will speak to his Chinese counterpart Xi Jinping soon.
There are no winners in a trade war, Chinese President Xi Jinping told Latin American leaders and other officials in Beijing on Tuesday, as he sought to project unity with the region a day after the United States and China agreed to slash reciprocal tariffs.
TAIPEI, Taiwan (AP) — China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate.
BEIJING: China told the United States on Tuesday (May 13) to "stop smearing and shifting blame" on the causes of its fentanyl crisis, condemning Washington's "unreasonable" tariffs imposed over the issue.
Brazilian officials on Monday touted President Luiz Inacio Lula da Silva's meeting with China's President Xi Jinping in Beijing as a chance to lure investment and boost Brazilian exports to a country frustrated with U.