US, China hold trade talks in London
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The US has reached a new trade agreement with China under which all Chinese imports will face a 55% tariff, while American exports to China will be subject to a reduced 10% tariff. This was the result of two days of talks between diplomats from the two nations in London.
The CPI gives the latest update on consumer inflation, President Trump’s trade team is back from talks with China and Tesla CEO Elon Musk sets the stage for the debut of the long awaited robotaxis. FOX Business is providing real-time updates on the markets,
One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.
Officials from the U.S. and China are meeting in London this week to iron out details of a deal that would lower Donald Trump’s levies on imports.
China plans to remove tariffs on imports from almost all African countries to further cement already close relations with the continent as it deals with the fallout of US President Donald Trump’s trade wars.