Two days of high-stakes talks between the US and China have led to a 90-day pause on tariffs, with duties set to drop by 115 percentage points on both sides by Wednesday and with President Donald Trump and Chinese President Xi Jinping now likely to talk in the coming days.

While many economists are saying the risk of an imminent recession has diminished since China and the United States agreed to lower tariffs earlier this week, JPMorgan Chase’s CEO, Jamie Dimon, is still penciling one in.

US President Donald Trump announced that India has proposed a deal to eliminate all tariffs on goods imported from the United States. Speaking at an event in Doha, Trump said, “They [India] are willing to literally charge us no tariff.

Trump appeared to reference Apple's vow in February to invest $500 billion in the U.S over the next four years, which the company says will go toward additional hiring and a new server factory in Texas.

China has taken aim at a new U.S. rule against use anywhere in the world of Ascend computer chips made by Huawei Technologies.

US President Donald Trump is likely to speak with his Chinese counterpart, Xi Jinping, this weekend. This comes as American consumers remain concerned about the looming price hikes on imports from various parts of the world,

President Trump on Thursday claimed India has offered to drop tariffs on US goods as part of a potential trade deal. Speaking at a business event in Qatar, he claimed India is "willing to literally charge us no tariff.

Beginning Wednesday, shipments arriving in the United States from China and Hong Kong worth less than $800 could face 54 percent tariffs.