The current reductions are part of Washington’s sudden climbdown in its tariff war against China, which will see duties substantially reduced from Wednesday
Greater China
In a major climbdown, Washington is reducing its punitive tariffs on China, motivating Beijing to also lower the duties it had imposed on US goods in response
Both sides of the tariff negotiations that took place in Switzerland over the weekend cited progress, and said concrete details would be announced today
The aim is to achieve technological self-reliance in the face of US export restrictions, according to a plan unveiled by the Yizhuang Development Zone this week
Vice Premier He Lifeng and US Treasury Secretary Scott Bessent will meet in Switzerland on Friday to begin the tariff de-escalation process
The number of overseas buyers at the latest Canton Fair was surprisingly high, with visitors from Belt and Road Initiative countries making up 65 percent of attendees
The yuan appears to be gaining favour internationally as US President Donald Trump’s erratic trade policies shake the US dollar’s reputation for stability
Governor Newsom reaffirms the state’s commitment to trade with China, despite substantial duties, citing mutual economic benefits and deep interdependence
Rising tariffs from the US government are pushing American consumers toward Chinese cross-border e-commerce platforms like DHgate and Taobao