Investors celebrate China trade breakthrough
The U.S. and China have agreed on a temporary but significant easing of tariffs as trade talks progress. CBS News MoneyWatch correspondent Kelly O'Grady explains how the markets reacted.
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The U.S. and China have agreed on a temporary but significant easing of tariffs as trade talks progress. CBS News MoneyWatch correspondent Kelly O'Grady explains how the markets reacted.
Stocks soared Monday after the U.S. and China agreed to drastically roll back tariffs for at least 90 days. CBS News White House reporter Willie James Inman has more.
Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.
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Markets spiked on Monday after the U.S. and China announced an agreement to reduce tariffs for 90 days. CBS News contributor JD Durkin has more.
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.
Stock market futures in the U.S. surged on Monday as the U.S. and China agreed to temporarily de-escalate their trade war.
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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.
This week on "Face the Nation with Margaret Brennan," Commerce Secretary Howard Lutnick and Sen. John Barrasso discusses the new tariffs announced by President Trump. Rep. Don Bacon and Sen. Maria Cantwell discusses a measure in Congress to claw back its authority over trade and NATO Secretary General Mark Rutte discusses next steps in the Russia-Ukraine war and the impact from the tariffs on the military alliance.
President Trump's sudden and unpredictable tariffs have caused tremendous concerns among small business owners, whose livelihoods are now in jeopardy.
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.
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.
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