Trump says China tariffs will stay high
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If a handshake agreement holds, it will merely undo some of the damage from the trade war that President Trump started.
After two days of talks in London, the U.S. and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month, Chinese state media said.
After Beijing and Washington reached a truce in their trade war in May, a video of far-right Alternative for Germany (AfD) party co-leader Alice Weidel surfaced in Chinese social media posts falsely claiming she said China was the only country that could force the United States to "sit down and negotiate".
The United States and China have agreed to a framework that would restart last month's trade truce following two days of talks in London, negotiators announced Wednesday.
China will place a six-month limit on rare earth export licenses granted to U.S. automakers and other manufacturers, people familiar with the matter told The Wall Street Journal, which would give Beijing leverage if tensions with the U.
U.S. and Chinese negotiators wrapped up two days of talks with what they said was a framework to get their trade truce back on track and ratchet down tensions. Representatives said the framework would
As President Donald Trump on Wednesday announced progress on trade negotiations with China, Wall Street continues to ask questions on how much tariffs the nation’s retail chains can handle.
Private market funds have been underperforming, according to State Street’s latest private equity index, The Financial Times reports. The index, which tracks cash flows from private equity, private debt and venture capital funds, returned 7.08 percent last year, versus the S&P 500’s total return of 25 percent.
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.