China, Taiwan and American trade
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6hon MSN
Trade deficit sinks to 22-month low as businesses try to time Trump tariffs. GDP to get a boost.
The nation’s trade deficit in goods sank 11% in June to a 22-month low as U.S. companies grappled with on-again, off-again Trump tariffs, a pattern that’s likely to play out at over least a few more months.
After a “constructive” round of talks ahead of an Aug. 12 deadline, Treasury Secretary Scott Bessent said, “Nothing is agreed until we speak with President Trump.”
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TACO or tariffs? An August 1 deadline looms after the European Union became the latest of the top US trading partners to reach a deal with Trump.
The Trump administration touts tariffs as part of a wider set of "America First economic policies," which have "sparked trillions of dollars in new investment in U.S. manufacturing, technology, and infrastructure," according to the White House's website.
Negotiations between the U.S. and China on a possible trade deal in Sweden this week were “very constructive,” Treasury Secretary Scott Bessent told reporters on Tuesday.
The economy was supposed to crumble. The trade war was expected to escalate out of control. Markets were forecast to plunge. None of that has happened. But Trump’s early trade victory may be short-lived.
July 30 (Reuters) - India's equity benchmarks were flat in early trade on Wednesday as gains in Larsen & Toubro following upbeat earnings were offset by investor caution ahead of the U.S. Federal Reserve's policy decision and a looming U.S. tariff deadline.
The Orioles continued their deadline fire sale Tuesday by trading reliever Seranthony Domínguez to the Blue Jays for a pitching prospect.