Dow jumps more than 1,000 points after U.S. and China announce tariff truce
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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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.
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.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
The U.S.-China meetings could mark a key moment as the two countries face steep tariffs on each other's goods.
A sharp drop in Chinese imports could lead to shortages of the following U.S. consumer products, one analysis shows.
The drop-off in shipments could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.
Nvidia announced Monday morning that it wants to build two factories in Texas — one in Houston and one in Dallas.
The exemptions, published late Friday in a notice by the U.S. Customs and Border Protection office, cover various electronic goods, including smartphones.
China says it is raising tariffs on U.S. goods to 125%, escalating the trade war between the two countries.
China says it is raising tariffs on U.S. goods to 125%, escalating the trade war between the two countries.
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."
China said it will hike its levies on U.S. imports to 84% after President Trump hit Chinese goods with even higher tariffs.
President Trump said he will slap more tariffs on imports from China if it doesn't withdraw a retaliatory tariff on U.S. products. Beijing bristled at his latest threat.
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.
China announced it will impose a 34% tariff on all imports from the U.S. beginning April 10.
Consumer confidence continues to wane as Americans worry about the economy, jobs and their income.
Director of National Intelligence Tulsi Gabbard and CIA director John Ratcliffe testified in a Senate Intelligence hearing that was pre-scheduled to deal with global threats.
President Trump imposed a 25% tariff on products imported from Mexico and Canada early Tuesday morning.
As Canada and Mexico make plans for reciprocal tariffs on U.S. goods, Canadian Prime Minister Justin Trudeau calls President Trump's move "a very dumb thing to do."
As Trump's trade war with China brings reciprocal tariffs, many Chinese firms are investing in operations elsewhere to avoid the burden.
After a temporary suspension, the United States Postal Service said it will resume accepting packages from Hong Kong and China.
The USPS halted an order to suspend incoming packages from China that threatened to severely disrupt trade between the two major economies.
China says it will counter President Trump's tariffs on Chinese products with tariffs of its own on multiple U.S. imports. It also announced an antitrust probe into Google and other trade measures.
China said it would counter President Trump's tariffs on Chinese products with tariffs of its own on multiple U.S. imports as well as other trade measures aimed at the U.S., ratcheting up trade tensions between the two economic heavyweights.
China says it will counter President Trump's tariffs on Chinese products with tariffs of its own on multiple U.S. imports. It also announced an antitrust probe into Google and other trade measures.
