Trump climbs down as US-China tariffs slashed
How did your country report this? Share your view in the comments.
Introduction:
The news topic “Trump climbs down as US-China tariffs slashed” 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:
- Trump climbs down as US-China tariffs slashed on x (opens in a new window)
- The US and China have agreed to put most tariffs on pause for 90 days. US tariffs on most Chinese imports will be cut to 30% from 145%. China’s tariffs will drop to 10% from the current 125%. President Trump said Monday that he plans to speak with Chinese President Xi Jinping soon, “maybe at the end of the week” US equity markets cheered the news as the scope of the tariff reductions surprised Wall Street, sending shares of tech companies soaring.. The EU on Thursday unveiled a list of US products it will target with tariffs in the event trade negotiations fail. On the economic front, Federal Reserve Chair Jerome Powell emphasized last week that while sentiment has deteriorated, the tariff “shock hasn’t hit yet” The US-UK trade agreement would boost US export markets for agricultural products, including beef and ethanol. Meanwhile, US negotiations with the UK’s neighbors in the EU have taken a different tone.
- The US and China will temporarily lower tariffs on each other’s products. The move buys the world’s two largest economies three months to work toward a broader agreement. The combined 145% US levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14. The 125% Chinese duties on US goods will drop to 10%, according to a joint statement and from officials in a briefing Monday in Geneva.“We are in agreement that neither side wants to decouple,” Treasury Secretary Scott Bessent said. “Just like with all our other trading partners, as long as there is good faith effort, engagement and constructive dialog, then we will keep moving forward,’ he said. The offshore yuan strengthened, rising by more than 0.5% before paring gains, and S&P 500 futures jumped 3%.
Country-by-Country Breakdown:
Original Coverage
Trump climbs down as US-China tariffs slashed on x (opens in a new window) Read full article
Trump tariffs live updates: US, China agree to slash tariffs in 90-day trade truce
The US and China have agreed to put most tariffs on pause for 90 days. US tariffs on most Chinese imports will be cut to 30% from 145%. China’s tariffs will drop to 10% from the current 125%. President Trump said Monday that he plans to speak with Chinese President Xi Jinping soon, “maybe at the end of the week” US equity markets cheered the news as the scope of the tariff reductions surprised Wall Street, sending shares of tech companies soaring.. The EU on Thursday unveiled a list of US products it will target with tariffs in the event trade negotiations fail. On the economic front, Federal Reserve Chair Jerome Powell emphasized last week that while sentiment has deteriorated, the tariff “shock hasn’t hit yet” The US-UK trade agreement would boost US export markets for agricultural products, including beef and ethanol. Meanwhile, US negotiations with the UK’s neighbors in the EU have taken a different tone. Read full article
US, China to slash tariffs during 90-day reprieve for talks
The US and China will temporarily lower tariffs on each other’s products. The move buys the world’s two largest economies three months to work toward a broader agreement. The combined 145% US levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14. The 125% Chinese duties on US goods will drop to 10%, according to a joint statement and from officials in a briefing Monday in Geneva.“We are in agreement that neither side wants to decouple,” Treasury Secretary Scott Bessent said. “Just like with all our other trading partners, as long as there is good faith effort, engagement and constructive dialog, then we will keep moving forward,’ he said. The offshore yuan strengthened, rising by more than 0.5% before paring gains, and S&P 500 futures jumped 3%. 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
- Trump tariffs live updates: US, China agree to slash tariffs in 90-day trade truce
- US, China to slash tariffs during 90-day reprieve for talks
Source: https://www.ft.com/content/db121f92-e530-4e75-8d98-677b2417d105