The US china trade deal announced in Geneva early Monday results: with both countries slashing tariffs.
Trumps policies:
Trump had singled out china for hasher treatment because of retaliation of traiffs of it’s own.
What trump did
Trump hit chinese imports with an additional 50% tariff. beijing response as expected ( tariff on U.S. goods to 125%, prompting Trump to go a step further to 145%.)
Biggest development between US and china The US and china agreed on pausing shriffs for 90 days
. In the wake of the U.S.-China trade deal, the 10-year Treasury yield jumped six basis points to 4.44%, a
one-month high. Answering to a reporter trump said :
“ WE ARE SURE WE WILL MAKE A DEAL “
ump policies results:
His first aim is to advantage domestic production for specific industries to help
industrialists and economy. The other is to shift imbalanced bilateral trade via reciprocal tariffs.
e Washington posts:
According to US news channel’s: “ Both sides are hailing the temporary reprieve, which will cut U.S. duties on Chinese goods to 30 percent, but analysts say underlying issues remain.” Middle east (arab countries trip): trump will visit three wealthy Gulf arab nations this week , hoping to improve
economy status. Biggest development on MON , 12 MAY ade:
U.S., China Agree to Large Tariff Cuts;
Stocks Surge. now geneva further meetings will show how things work between two biggest economies of world .
