Tariff
China sees the U.S. trade deal as a huge win for Beijing
Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the United States as a victory and a vindication of Beijing’s negotiating strategy. They’re arguing that their defiant public posture worked — and was a major reason they were able to strike a deal with U.S. […]
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Bessent sees tariff agreement as progress in ‘strategic’ decoupling with China
Treasury Secretary Scott Bessent said Monday that the trade agreement reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products. Though the U.S. “decoupling” itself from its need for cheap imports from China has been discussed for years, the process has been a slow one and unlikely to ever […]
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A ‘huge win’ for bulls: Markets soar on U.S.-China deal as Wall Street sees more upside
U.S. Treasury Secretary Scott Bessent (R) and U.S. Trade Representative Jamieson Greer hold a news conference in Geneva on May 12, 2025, to give details of “substantial progress” following a two-day closed-door meeting between U.S. and China top officials aimed at ending the tariff war. Fabrice Coffrini | Afp | Getty Images Stock Chart IconStock […]
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U.S. trade talks with China were ‘productive,’ Bessent says
U.S. Treasury Secretary Scott Bessent testifies before a House Financial Services Committee hearing entitled “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System,” on Capitol Hill in Washington, D.C., U.S., May 7, 2025. Nathan Howard | Reuters Treasury Secretary Scott Bessent said Sunday that trade talks with […]
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Lutnick says 10% baseline tariff will stick around for “foreseeable future”
U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. Carlos Barria | Reuters Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from […]
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With foreign tourists boycotting the U.S., businesses brace for falling sales
Key Points International tourists are skipping trips to the U.S. amid tensions tied to trade, immigration and territory. Many businesses that rely on foot traffic from overseas visitors are already seeing a financial hit, even before heading into peak travel season. New York, Miami, Los Angeles, Orlando, San Francisco and Las Vegas are examples of […]
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CNBC Daily Open: London markets didn’t seem to view the U.K.-U.S. trade deal positively
Britain’s Prime Minister Keir Starmer speaks to employees at a car factory in the West Midlands, Britain, on May 8, 2025. Alberto Pezzali | Via Reuters The U.K. is the first country to seal a trade deal with the U.S. Cue the jubilations. And investors certainly did, giving the three major U.S. indexes back-to-back winning […]
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CNBC Daily Open: Wall Street cheered U.S.-UK trade deal — London market, not really
Britain’s Prime Minister Keir Starmer speaks on the phone to U.S. President Donald Trump at a car factory in the West Midlands, Britain, Thursday, May 8, 2025. Alberto Pezzali | Via Reuters The U.K. is the first country to seal a trade deal with the U.S. Cue the jubilations. And investors certainly did, giving the […]
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Watch live: Trump unveils United Kingdom trade deal, first since ‘reciprocal’ tariff pause
President Donald Trump on Thursday unveiled the broad outline of a trade agreement with the United Kingdom. The deal is the first by the United States with a country whose imports were subject to new tariffs imposed by Trump in early April. But specifics about the deal were not immediately clear, and nothing was signed […]
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Trump says news conference to be held on Thursday about major trade deal
U.S. President Donald Trump makes a sports announcement at the White House in Washington, D.C., U.S., May 5, 2025. Leah Millis | Reuters There will be an Oval Office news conference about a major trade deal with the U.S. on Thursday “with representatives of a big, and highly respected, country” at 10 a.m. EDT (1400 GMT), U.S. […]
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