The renewed U.S.-China trade truce struck in London left a key area of export restrictions tied to national security untouched, an unresolved conflict that threatens a more comprehensive deal, two people briefed on detailed outcomes of the talks told Reuters. Beijing has not committed to granting export clearance for some specialised rare-earth magnets that U.S. … Read more
Talks planned this weekend between US and Chinese officials in Switzerland are a culmination of more than three months of dizzying rounds of retaliatory tariffs between the two countries that have crippled each other’s exporters and dragged on their economies. Washington and Beijing are entering talks with tariffs on each other’s goods at an all-time … Read more
President Donald Trump didn’t seem to mind as his worldwide tariffs set off stock market sell-offs and wiped out trillions of dollars in wealth. “Be cool,” he told Americans. Then he blinked Wednesday afternoon in the face of financial turmoil — particularly, a rapid rise in government bond yields that could shake the dominant position … Read more