Monday, 12 May 2025 () The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has disrupted the global economy and set financial markets on edge.
In a surprising move, the United States and China have announced a truce in their ongoing trade war following high-stakes talks in Geneva. The deal will see tariffs significantly reduced, with the U.S. cutting its tariffs from 145% to 30%, and China slashing its tariffs from 125% to 10%. But is this...
As U.S. trade tensions mount, China is strengthening its grip on Latin America. At the China-CELAC Forum in Beijing, leaders from across the region gathered, with many deepening their commitment to China’s Belt and Road Initiative. With two-thirds of Latin American countries already on board, China has become the top trading partner for major economies like Brazil and Peru. Meanwhile, Trump's tariff threats and warnings over the Panama Canal have driven mistrust. China now positions itself as the reliable partner Latin America can count on.
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Trump hails 'great progress' as US-China trade talks in Geneva continue
The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation.
READ MORE : http://www.euronews.com/2025/05/11/us-says-to-have-made-substantial-progress-during-its-two-day-talks-with-china-on-tariffs-d
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Credit: euronews (in English) Duration: 01:20Published
A top Philippine general has issued a stark warning over China's aggressive actions in the South China Sea, calling Beijing's claims "illegal and coercive." Brigadier General Logico criticized China’s expanding control near Philippine waters as U.S., Philippine, and Australian forces launch massive joint military drills. With 14,000 troops and international observers involved, the Balikatan exercises underscore a growing alliance. For the first time, the U.S. deployed deadly NMESIS missile systems near Taiwan, intensifying regional tension. As military presence escalates, calls for global attention to China's maritime behavior grow louder.
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China's exports to the US sink but beat forecasts as tariffs bite
The data, which arrives just ahead of tariff talks between Washington and Beijing, shows a diversion of Chinese goods away from the United States.
READ MORE : http://www.euronews.com/2025/05/09/chinas-exports-to-the-us-sink-but-beat-forecasts-as-tariffs-bite
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Credit: euronews (in English) Duration: 01:12Published
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