US strikes trade deal with China
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Former Fed president Bill Dudley warned that the central bank risks mistiming interest rate cuts if the economy stumbles into a recession.
U.S. and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.
The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.
Dear Quentin, I just woke up to another surprising day on the markets. Stock prices are up after China and the U.S. clinched an agreement on tariffs. Forgive me, but I’m so confused. For most of April,
Online shoppers in the U.S. will see a price break on their purchases valued at less than $800 and shipped from China after the Trump administration reached a truce with Beijing over sky-high tariffs.
Analysts welcomed the de-escalation agreed in Geneva, but told Newsweek that many questions remain unanswered.
Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
The lead U.S. negotiator in trade talks with China cheered “a great deal of productivity” in resolving differences between the world’s two leading economic powers, after officials wrapped two days of bargaining in Switzerland following President Donald Trump imposing steep tariffs and Beijing retaliating.