China celebrates hard-line stance
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The US-China trade agreement, temporarily reducing tariffs, poses challenges for India's trade negotiations with the US. Securing a favorable bilateral trade agreement with the US and leveraging domestic strengths are crucial for India to remain competitive in the global supply chain.
New agreement sees reciprocal US-China tariffs drop from 125% to 10% for 90 days, with final US tariff rate on China lowered to 30%
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.
U.S. and Chinese trade negotiators agreed over the weekend to lower mutually imposed triple-digit tariffs in a significant de-escalation of the ongoing trade war between Washington, D.C., and
A breakthrough in U.S.-China trade talks has propelled world stocks and the dollar higher, but investors fear further negotiations could prove a long slog, tempering optimism, as risks of a global economic slowdown persist.
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US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
China has pushed back against the United States decision to impose punitive tariffs over the ongoing fentanyl crisis, saying the responsibility lies squarely with Washington. During a regular press briefing on Tuesday,