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  5. Donald Trump Announces 90-Day Tariff Reduction with China

Donald Trump Announces 90-Day Tariff Reduction with China

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Following the 90-day trade truce agreed upon by China and the United States, global stock markets have reacted positively, with the S&P 500, Dow Jones, and Nasdaq experiencing significant gains, ranging from 2.4% to 3.3%. The US Treasury Secretary, Scott Bessent, describes the talks as "productive" and "robust." A key aspect of the agreement is the reduction of tariffs on both sides. The US has agreed to lower its tariffs on Chinese goods from 145% to 30%, while China has agreed to reduce its tariffs on US imports from 125% to 10%.

  1. US
    Donald Trump
    Republican Party
    1. These discussions may be conducted alternately in China and the United States, or a third country upon agreement of the Parties. As required, the two sides may conduct working-level consultations on relevant economic and trade issues.
    2. They've agreed to open China, fully open China, and I think it's going to be fantastic for China, I think it's going to be fantastic for us, and I think it's going to be great for unification and peace.
  2. US
    Jamieson Greer
    US Trade Representative
    1. It's important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not so large as maybe thought.
    2. We're confident that the deal we struck with our Chinese partners will help us to work toward ­resolving that national emergency.
  3. CN
    He Lifeng
    Chinese Communist Party
    1. The meeting achieved substantial progress, and reached important consensus.
  4. CN
    Li Chenggang
    Chinese Commerce Ministry
    1. As we say back in China, 'If the dishes are delicious, the timing doesn't matter'.
  5. US
    Scott Bessent
    US Treasury Department
    1. And what had occurred with these very high tariffs ... was the equivalent of an embargo, and neither side wants that. We do want trade.
    2. The consensus from both delegations this weekend was neither side wants a decoupling.
  6. NL
    ING bank
    1. This was a larger-than-expected de-escalation and represents an upgrade to the outlook, though the negotiation process will likely remain challenging.
  7. DK
    Jens Eskelund
    European Union Chamber of Commerce
    1. Businesses need predictability to maintain normal operations and make investment decisions.
    2. While the Chamber is encouraged by the decision, uncertainty remains.
  8. HK
    Zhiwei Zhang
    Pinpoint Asset Management
    1. Obviously, this is very positive news for economies in both countries and for the global economy, and makes investors much less concerned about the damage to global supply chains in the short term.
    2. This is better than I expected. I thought tariffs would be cut to somewhere around 50 per cent.
    3. Fentanyl was part of the public discourse but not a fundamental driver of the tariff decision. It served more as a symbolic issue for political messaging, particularly to domestic audiences. The core dynamics at play here are structural – supply chain interdependence, inflationary concerns, and electoral calculations – not drug policy.

Trump's tariffs

  1. Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US
  2. Trump threatens 50% tariffs on EU and 25% on iPhones if not made in the US
  3. Donald Trump Orders Retailers to Absorb Tariffs, Rules Out Price Hikes for Consumers

sources

  1. 1.CNA News
  2. 2.Al Jazeera
  3. 3.France 24
  4. 4.The Guardian
  5. 5.The Korea Herald
  6. 6.The Times
  7. 7.Le Monde
  8. 8.The Washington Post
  9. 9.DW News
  10. 10.ABC News (Australia)
  11. 11.NPR
  12. 12.BBC

perspectives

  1. 1.US under Donald Trump
  2. 2.Chinese Foreign Policy
  3. 3.US-China Relations
  4. 4.Immigration to the US
  5. 5.US Economy
  6. 6.Inflation
  7. 7.Trade Agreement
  8. 8.World Economy
  9. 9.US-India relations
  10. 10.Mexico under Claudia Sheinbaum
  11. 11.US-EU relations
  12. 12.United States–Mexico–Canada Agreement

countries

  1. 1.ChinaCN
  2. 2.United StatesUS
  3. 3.SwitzerlandCH
  4. 4.United KingdomGB
  5. 5.Hong KongHK
  6. 6.FranceFR
  7. 7.GermanyDE
  8. 8.DenmarkDK
  9. 9.NetherlandsNL
  10. 10.AustraliaAU
  11. 11.BrazilBR
  12. 12.IndonesiaID

organizations

  1. 1.White House
  2. 2.US Treasury Department
  3. 3.JPMorgan Chase
  4. 4.United Nations
  5. 5.Chinese Commerce Ministry
  6. 6.Citigroup
  7. 7.Dow Jones
  8. 8.Federal Reserve System
  9. 9.ING bank
  10. 10.Meet the Press
  11. 11.Nasdaq
  12. 12.Pinpoint Asset Management

persons

  1. 1.Scott BessentUS
  2. 2.Donald TrumpUS
  3. 3.Jamieson GreerUS
  4. 4.He LifengCN
  5. 5.Li ChenggangCN
  6. 6.Xi JinpingCN
  7. 7.Hu XijinCN
  8. 8.Liao Min
  9. 9.William Xin
  10. 10.Joe BidenUS
  11. 11.Karoline LeavittUS
  12. 12.Ngozi Okonjo-IwealaNG

technicals

  1. 1.Economic and Financial Working Groups
  2. 2.Air Force One
  3. 3.Liberation Day