U.S. and China agree to major 90-day easing of tariffs as talks progress
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
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The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
The United States and China have agreed to a significant, temporary easing of the tariffs the two sides imposed over recent months, according to a joint statement shared by the White House. CBS News' Willie James Inman, Anna Coren and Javier David have the latest reporting.
President Trump says he will impose new tariffs on China if Xi Jinping does not withdraw retaliatory tariffs; Stocks tumble as global markets feel the impact of Trump tariffs.
Investors are reacting favorably to news of China and the U.S. reaching a 90-day trade agreement. The deal lowers tariffs on both sides and is considered a pause from current levels. CBS MoneyWatch correspondent Kelly O'Grady reports.
Treasury Secretary Scott Bessent announced a temporary period of lower tariffs between the U.S. and China. The reprieve is good news for business owners in both nations who were reeling from President Trump's trade strategy. CBS News' Natalie Brand and Anna Coren report.
The United States and China announced a step toward ending their trade war. Both countries have agreed to sharply reduce tariffs for 90 days. Last month, the U.S. imposed a 145% tariff on Chinese goods and Beijing responded with 125% tariffs on American products. CBS News' Caitlin Huey Burns has the latest.
CBS News MoneyWatch correspondent Kelly O'Grady breaks down what to know about the potential financial impact to American consumers after the U.S. and China agreed to temporarily ease tariffs.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
The flow of goods from China into the U.S. has slowed dramatically, which could soon mean job cuts, shortages and tough choices for consumers. However, there is progress in the trade war between the two countries. For the first time, negotiators are meeting. Elise Preston has more.
President Trump opened the door to lowering tariffs on China as U.S. and Chinese officials prepare to meet this weekend.
President Trump appeared to give his treasury secretary his starting point in trade talks with Beijing set for this weekend. Weeks after imposing a 145% tariff on China, the president posted, "80-percent tariff on China seems right." Kelly O'Grady explains.
China's Xi Jinping joined Vladimir Putin for a huge Victory Day parade in Moscow, hoping to reassure Russians of their nation's strength as the Ukraine conflict grinds on.
As Russia celebrates its 80-year-old victory over Nazi Germany, Putin wants the world to see that despite the new conflict in Europe, he still has friends in high places.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet with Chinese officials for trade talks in Switzerland this weekend. Ahead of the meeting, President Trump seemed to suggest he'd be open to lowering the tariff rate on Chinese imports. CBS News' Nikole Killion and Kelly O'Grady have more.
In a post on social media, President Trump said he'd be open to raising taxes on rich people as part of negotiations over his "big beautiful bill." CBS News' Nikole Killion and Kelly O'Grady have the latest.
White House press secretary Karoline Leavitt commented on President Trump's latest social media post about lowering tariffs on China to 80%. This comes as the U.S. prepares to hold trade talks with China in Switzerland. CBS News' Aaron Navarro reports.
The U.S. and China are preparing to discuss a possible trade deal in Switzerland days after the U.K. reached an agreement with the Trump administration. CBS MoneyWatch correspondent Kelly O'Grady reports.
President Trump appears ready to lower tariffs on China as the U.S. prepares for trade talks in Switzerland. Peter Goodman, a reporter for The New York Times, joins CBS News with what to expect.
President Trump celebrated a trade agreement with the United Kingdom, but sealing a deal with China was also on the president's mind. Weijia Jiang reports.
President Trump announced a trade deal Thursday expanding U.S. market access in the U.K. Although many agreement details still need to be worked out, Mr. Trump says his administration could soon announce more deals with other nations. Martin Baccardax, senior editor and markets correspondent for TheStreet, joins "America Decides" with analysis.
Treasury Secretary Scott Bessent is traveling to Switzerland, where he will lead U.S. trade talks with China this weekend. When asked about progress between the two nations on Thursday, President Trump insisted that China is open to negotiations when it comes to tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Before becoming Pope Leo XIV, Robert Frances Prevost expressed sympathy with those who criticized Vice President JD Vance's theological argument that there are hierarchies of love. CBS News political director Fin Gómez joins to examine how the new American pontiff could impact U.S. politics. Then, CBS News White House reporter Willie James Inman joins with the latest on President Trump's trade talks.
President Trump and Treasury Secretary Scott Bessent have both said numerous trade agreements could come as soon as this week.
Russian President Vladimir Putin welcomed China's Xi Jinping to celebrate Victory Day 80 years after World War II ended. CBS News' Elizabeth Palmer reports from Moscow.
Treasury Secretary Scott Bessent told a House committee on Wednesday that he and U.S. trade representative Jamieson Greer will hold trade talks with Chinese officials in Switzerland on Saturday. CBS News senior White House correspondent Weijia Jiang reports.