China, tariff and trade agreement
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United States 'signs trade deal with China' after Donald Trump hails 'great progress made'Earlier, White House economic adviser Kevin Hassett said China was "very, very eager" to rebalance trade relations with the United States. And that followed Donald Trump's claim overnight that the two sides had negotiated "a total reset... in a friendly ...
"China and Brazil are getting together. They're going to build infrastructure, and they're going to make SAF and they're going to build railroads, and it's not good for us and our future. That's why we need new markets,
The United States and China have agreed to a 90-day pause on tariffs, which means the ultra-high tariff levels between the two countries will now drop sharply.
Beijing is eager to re-set trade relations with the United States amid ongoing negotiations to resolve the two countries' trade war, a top White House economic aide said on Sunday.
The 90-day pause is a major de-escalation in the tariff war and comes after talks between both countries in Geneva.
This report is from this week's CNBC's The China Connection newsletter, which brings you insights and analysis on what's driving the world's second-largest economy. Each week, we'll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”
Foreign Minister Tuggar has described the Nigeria-China relationship as pragmatic and more rewarding than historic Western partnerships.