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: 2025.05.14
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US Presi. Trump: i couldI see myself dealing with China's Xi on deal
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US Presi. Trump: i couldI see myself dealing with China's Xi on deal
New
2025.05.14 10:25
2025.05.14 10:25
2025.05.14 10:25
US President Donald Trump said in a Fox News interview early Wednesday that "I could see myself dealing with China's President Xi Jinping on deal."
Additional quotes
- Attempting to initiate access to China.
- China relationship is excellent.
US-China Trade War FAQs
Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living.
An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China's economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies.
The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.
Last updated
: 2025.05.14
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EUR/USD strengthens to near 1.1200 as risk appetite returns
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2025.05.14 11:54US Dollar Index holds losses around 101.00 as inflation reduces in April
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, remains subdued for a second consecutive day, hovering around 100.90 during Wednesday's Asian session. The Greenback weakened following softer-than-expected US inflation data.
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2025.05.14 11:29USD/INR weakens as tensions between India and Pakistan ease
The Indian Rupee (INR) gathers strength on Wednesday on the back of the US-China trade agreement and a ceasefire agreement between India and Pakistan. Analysts said that any fresh developments on the geopolitical front are likely to significantly influence the INR's trajectory in the near term.
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2025.05.14 11:14Disclaimer:
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