China Pauses Some Measures on US Entities
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It's hard to keep track of when tariffs start; some are already here, and President Donald Trump has floated more.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
U.S. Commerce Secretary Howard Lutnick said Sunday that the administration of President Donald Trump would keep the 10% baseline tariffs on global imports for the "foreseeable future."
Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s escalating tariff policy.
1don MSN
The S&P 500 index closed up 3.26% yesterday and it nearly erased its losses for the year. It is still down 0.64% year to date, however. This morning, S&P futures contracts ticked lower, indicating that investors broadly expect others to sell when the market opens in America.
Neither China nor the Trump administration provided further information on the terms of the agreement, but said more details would come Monday.
Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.
The threat by the U.S. of imposing elevated tariff on imports from Sri Lanka into the U.S. has thrown uncertainty into CEAT Ltd.'s plans to expand its presence in the U.S.
The U.S. Spirits Association is optimistic about ongoing negotiations between the US and EU to permanently remove tariffs on spirits. They emphasize the importance of protecting unique spirits products,
Thailand has submitted a range of proposals to the US on how it plans to boost imports and promote investments, the latest bid by the Southeast Asian nation to nudge the Trump administration to begin formal talks over a planned 36% tariff on exports.