US & China agree to cut tariffs for 90 days in bid to defuse trade war
How did your country report this? Share your view in the comments.
Introduction:
The news topic “US & China agree to cut tariffs for 90 days in bid to defuse trade war” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.
Quick Summary:
- The 90-day truce, which will see them slash tariffs by 115 percentage points, opens the door for the flow of goods from China. Some of the interest in Indian products is bound to come down as supply lines will reopen for 90 days, apart from some front-loading of consignments in case the pause is not extended. The agreement breaks an impasse that had brought much trade between China and US to a halt. Many American businesses had suspended orders, holding out hope the two countries could strike a deal to lower the tariff rates. The outcome of the frenzied weekend of negotiations in Switzerland brought tariff rates close to where they were before Trump ratcheted them higher on April 2, which he billed as “Liberation Day” However, the talks did not appear to yield any meaningful concessions beyond an agreement to continue discussions.
- The outcome of the frenzied weekend of negotiations in Switzerland brought tariff rates close to where they were before Trump ratcheted them higher on April 2. The agreement breaks an impasse that had brought much trade between China and US to a halt. Many American businesses had suspended orders, holding out hope the two countries could strike a deal to lower the tariff rates. Economists have warned the dispute will slow global growth, fuel inflation and create product shortages, potentially tipping US into a recession. The two countries said the ongoing negotiations will involve Bessent; Jamieson Greer, the US trade representative; and He Lifeng, China’s vice-premier for economic policy, who led the talks for the Chinese. The talks did not appear to yield any meaningful concessions beyond an agreement to continue discussions.
Country-by-Country Breakdown:
Original Coverage
The 90-day truce, which will see them slash tariffs by 115 percentage points, opens the door for the flow of goods from China. Some of the interest in Indian products is bound to come down as supply lines will reopen for 90 days, apart from some front-loading of consignments in case the pause is not extended. The agreement breaks an impasse that had brought much trade between China and US to a halt. Many American businesses had suspended orders, holding out hope the two countries could strike a deal to lower the tariff rates. The outcome of the frenzied weekend of negotiations in Switzerland brought tariff rates close to where they were before Trump ratcheted them higher on April 2, which he billed as “Liberation Day” However, the talks did not appear to yield any meaningful concessions beyond an agreement to continue discussions. Read full article
Donald Trump Tariff Live Updates: India mulls counter duties on US products, notice to WTO shows
The outcome of the frenzied weekend of negotiations in Switzerland brought tariff rates close to where they were before Trump ratcheted them higher on April 2. The agreement breaks an impasse that had brought much trade between China and US to a halt. Many American businesses had suspended orders, holding out hope the two countries could strike a deal to lower the tariff rates. Economists have warned the dispute will slow global growth, fuel inflation and create product shortages, potentially tipping US into a recession. The two countries said the ongoing negotiations will involve Bessent; Jamieson Greer, the US trade representative; and He Lifeng, China’s vice-premier for economic policy, who led the talks for the Chinese. The talks did not appear to yield any meaningful concessions beyond an agreement to continue discussions. Read full article
Global Perspectives Summary:
Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.
How did your country report this? Share your view in the comments.
Sources:
- Original Article
- Donald Trump Tariff Live Updates: India mulls counter duties on US products, notice to WTO shows
Source: https://timesofindia.indiatimes.com/business/international-business/us-china-agree-to-cut-tariffs-for-90-days-in-bid-to-defuse-trade-war/articleshow/121122737.cms