China, tariffs
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Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.
The agreement is pressuring manufacturing hubs such as Vietnam and Mexico to make their own, better deals with the United States.
The new U.S. ambassador to China, former senator and business executive David Perdue, has arrived in Beijing as China and the U.S. reached a temporary break in the damaging tariff war
The world’s two biggest economies agreed to a temporary rollback of most of their recent levies after negotiating in Switzerland over the weekend.
China and the United States announced a truce in their trade war on Monday after talks in Geneva that will roll back the bulk of tariffs and other countermeasures by Wednesday.
It is an honor to represent President Trump as the US Ambassador to China,” David Perdue wrote on X. “I am ready to get to work here and make America safer, stronger, and more prosperous.”
Beginning Wednesday, shipments arriving in the United States from China and Hong Kong worth less than $800 could face 54 percent tariffs.
By Laurie Chen, Emily Green and Francesco Guarascio BEIJING/MEXICO CITY/HANOI (Reuters) -A new U.S.-China agreement to pause sky-high tariffs on each other is pressuring manufacturing hubs such as Vietnam and Mexico to make their own,