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The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.
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The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for US small businesses, who remain cautious as tariffs are still sky high by historical levels and are also pressuring profits.
Analysts welcomed the de-escalation agreed in Geneva, but told Newsweek that many questions remain unanswered.
Former Treasury Secretary Lawrence Summers applauded the Trump administration’s walk-back from what he characterized as overly aggressive trade protection measures, singling out Scott Bessent in particular for his weekend work with China.
Trade deals are driving the recovery for U.S. stocks with the S&P 500 erasing all of its losses post Liberation Day. President Trump continues his Middle East trip striking partnerships and investments,
On "Forbes Newsroom," author and U.S.-China relations expert Gordon Chang discussed the U.S.-China trade deal.
The Trump administration has made moves to ease tariff tensions with China but new reports indicate that prices, including for cars, are on the rise.
President Donald Trump hailed a “total reset” in trade relations between the U.S. and China. But other trading partners may not find negotiations quite so smooth. To many, China may have appeared the toughest agreement to reach but Trump suggested otherwise,
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