China, Trump and tariffs
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Donald Trump can still cut deals and issue orders. But the U.S. president’s power has waned since he imposed sky-high tariffs in April, only to backtrack. In particular, the balance of power between the United States and China,
Trump's net approval rating has rebounded from a second-term low last month, according to new analysis by Silver Bulletin.
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Both the U.S. and China could be back at the negotiation table again soon to hash out further details, according to Treasury Secretary Scott Bessent.
The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
President Donald Trump warned Walmart on Saturday against raising its prices, writing on Truth Social that he will "be watching." "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain.
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Donald Trump touted a 90-day pause on his trade war with China, which will see both countries back away from sky high tariffs that had ground shipments to a halt. In a joint statement, the U.S. and China said that they would suspend their tariffs for three months as negotiations continue.
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Sam Altman defends Trump's AI deals with Gulf nations, dismissing critics as naive amidst bipartisan security concerns over potential technology transfer to China. Nvidia, AMD, and Amazon Web Services have announced major partnerships and investments in Saudi Arabia and the UAE,
US President Donald Trump said he would be willing to travel to China to speak with Xi Jinping about foreign policy and economic issues.