US-China Trade Relations
US Extends China Tariff Pause Another 90 Days
United States President Donald Trump has signed an executive order extending the China tariff deadline for another 90 days. The extension came just hours before midnight in Beijing, when the 90-day pause was set to expire. White House official confirmed the extension, which will prevent duties on Chinese goods from returning to 145 percent. The […]
US Slaps 25% Tariff on Indian Goods, Additional Penalty on Russian Oil
United States President Donald Trump has announced a 25% tariff on Indian goods, effective August 1, alongside an unspecified penalty for India’s purchase of Russian oil and military equipment. Trump justified the move by citing India’s high tariffs on US goods and its continued relations with Russia, which he believes enable the ongoing war in […]
US Lifts Chip Design Software Curbs Against China
The administration of US President Donald Trump has lifted restrictions on exports of chip design software to China, as Washington and Beijing work to dial down hostilities as part of a recent trade agreement. All three leading chip design software companies – Synopsys, Cadence, and Siemens – said they were notified by the US Commerce […]
US and China Formalize Deal on Rare Earth Shipments
The United States and China have reached a significant trade breakthrough, formalizing a deal that would allow China to export rare earth minerals to the US. This development comes after weeks of intense negotiations between the two countries, with rare earths becoming a key focus of trade frictions. According to China’s Ministry of Commerce, “China […]
US and China Announce Landmark Trade Agreement
National Economic Council Director Kevin Hassett expressed optimism about a potential trade deal between the United States and China, stating he is “very comfortable” with a deal closing after the two sides meet in London on Monday. This comes after President Donald Trump said he had a “very good” conversation with Chinese leader Xi Jinping, […]
Oil Prices Slip Amid US-China Concerns
Crude oil prices edged lower on Monday following Moody’s downgrade of the US sovereign credit rating and slower-than-expected Chinese industrial output and retail sales data. Current Oil Prices Factors Influencing Oil Prices Global Market Trends The S&P 500 and Nasdaq indices saw declines, with the S&P 500 down 0.88% and Nasdaq down 1.30%. Market Outlook […]