Trump, tariff and Petroleum industry in Russia
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Trump, tariffs
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Donald Trump's trade deals give Asian exporters tariff clarity. However, details on avoiding tariffs targeting China's supply chains are awaited. The US may impose tariffs on goods trans-shipped through Southeast Asia.
China’s budget deficit climbed to a fresh record in the first half, highlighting intensified government efforts to shore up domestic demand as Donald Trump’s tariffs reduce exports to the US.
2don MSN
China trade has reached a "good place" with reduced tariffs, but said China's 30% share of global manufacturing is unsustainably imbalanced.
The hope, and the expectation, is that when U.S. officials meet their Chinese counterparts in Stockholm to talk economics and trade next week, they will build on a recent lessening of tensions as the U.S. tries to set up a fall meeting between the countries’ leaders and lay the groundwork for another loosely defined trade pact.
Aaron Forkash, a scrap metal dealer based in California, plans to continue exporting copper to Asia even after US President Donald Trump's new 50 per cent tariff on the metal comes into force on August 1.
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SOFREP on MSNEvening Brief: Trump Calls Leaders of Cambodia and Thailand, Pro-China Politicians in Taiwan Retain PowerFrom Trump’s tariff-fueled ceasefire push in Southeast Asia to political deadlock in Taiwan, a deadly courthouse siege in Iran, and the massacre of Christians in Nigeria’s Plateau State, the world feels like it’s teetering on a knife’s edge—and the blade’s getting sharper.
U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.
The White House is putting a priority on doing business with Beijing as it prepares for bilateral talks next week.