The markets have come around to the Federal Reserve chairman’s cautious approach to lowering interest rates. President Trump could be a tougher convert.
The Chinese leader, Xi Jinping, has suggested expanding trade ties beyond buying commodities as he continues to rally nations in the face of President Trump’s tariffs.
The technological success that has captured the attention of many in the United States is one aspect of the Chinese economy. There’s another, gloomy one.
The temporary lowering of tariffs may compel some U.S. businesses to order goods that they had held off buying after President Trump raised them to 145 percent.
President Luiz Inácio Lula da Silva of Brazil is visiting Beijing this week, and China’s Xi Jinping will also meet top officials from other Latin American and Caribbean nations to emphasize their ties.
The S&P 500 logged its biggest gain in over a month after American and Chinese officials signaled a de-escalation in the trade war between the world’s two largest economies.
The president said reducing tariffs to 80 percent from the current 145 percent “sounds right,” as U.S. and Chinese negotiators prepare to meet in Switzerland.
Dispensary owners say a protracted trade war would harm a niche but popular sector in which imported herbs are prescribed to treat colds, pain and other ailments.
The chief executive of Detroit Axle, which sells car parts that are mostly imported from China, is adjusting his business and hoping for a new trade deal.
Treasury Secretary Scott Bessent will finally start negotiating with Chinese counterparts. But business leaders shouldn’t expect any sudden breakthroughs.
Beijing says it will meet with American officials to discuss trade, but warned Washington against using the engagement to ratchet up pressure on China.
Xi Jinping, China’s leader, is reinforcing his bond with President Vladimir V. Putin of Russia. But that could hurt Beijing’s efforts to repair ties with Europe.