U.S., China officials continue tariff talks
This comes after President Trump said, “Great progress was being made between the two nations.” The meetings come amid a trade war where both nations have imposed higher tariffs on each other's goods.
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This comes after President Trump said, “Great progress was being made between the two nations.” The meetings come amid a trade war where both nations have imposed higher tariffs on each other's goods.
Treasury Secretary Scott Bessent and trade negotiator Jamieson Greer are meeting with top Chinese officials in Geneva. These are the first meetings after President Trump and China implemented tariffs on each other.
President Donald Trump promised an announcement about a "major trade deal" with a "big, and highly respected country." The apparent progress as the U.S. and China prepares for their first face to face.
Two Trump administration officials will meet with their Chinese counterparts to discuss trade in the coming days, the administration said Tuesday.
The 485 shipments, 145 of which contained 516 counterfeit watches and 340 other shipments containing counterfeit driver's licenses, came from Hong Kong and China.
The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
China has denied President Trump's assertion that the two sides were involved in active negotiations over tariffs.
President Trump on Sunday said there were no exceptions made to his tariff announcements, adding that "nobody" will see an exemption in his widening trade war.
The exemptions, published late Friday in a notice by the U.S. Customs and Border Protection office, cover various electronic goods, including smartphones.
Small businesses in the Chicago area are making some difficult decisions about their future, because of the tariffs imposed by the Trump administration and the retaliation from China.
Chinese officials called soaring U.S. tariffs are "a joke," Friday, while sharply hiking levies on American imports to 125%. Investors aren't laughing as the stock market wobbled again.
The move comes after President Trump raised tariffs to the same level on Chinese goods.
The owner of Timeless Toys said he was forced to buy $200,000 worth of toys due to the trade war between the world's two largest economies.
The owner of Timeless Toys in Lincoln Square says he would like to keep toys out of tariff talk and keep prices low for the holiday season, but he is nervous costs will skyrocket. Shardaa Gray reports.
The owner of Timeless Toys said he was forced to buy $200,000 worth of toys due to the trade war between the world's two largest economies. Shardaa Gray reports.
China is not part of the pause, and the administration is ratcheting up pressure on Beijing to negotiate, pushing tariffs on Chinese goods up to 125%.
As Trump leaves China alone in facing high U.S. tariffs, Beijing says "the door to talks is open," but dialogue must come with "mutual respect."
President Trump’s latest move prompted yet another historic day on Wall Street. Erica Brown reports.
Illinois is the second largest importer of Chinese goods in the country, and if the trade war lingers and tariffs soar as advertised, the cost of things — and thousands of jobs — are on the line. Political Reporter Chris Tye reports.
Investors nervously eyed President Trump's growing trade war, which threatens to raise prices for U.S. consumers and blunt economic growth.
China announced Friday it will hit the U.S. with a 34% across the board tariff on U.S. goods next week as the Trump administration's new reciprocal tariffs are set to take effect.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
The earthquake death toll in Myanmar is rising fast as rescue and recovery efforts are hampered by badly damaged infrastructure.
Researchers made six gene edits to the liver to make it compatible, then transplanted it into a person who was brain dead.
China called the new plan for American investment firm Blackrock to buy two ports in the Panama Canal from a Hong Kong-based company "spineless groveling" and "a betrayal." The nearly $23 billion deal was considered a way to assuage concerns from president trump that China is quote "running" the canal.
