The deal pauses a tariff increase that had been planned to take effect New Year's Day. President Trump called the meeting with China's president "amazing and productive."
Hours after President Trump announced tariffs on $200 billion in Chinese goods, Beijing responded with its own levies on $60 billion worth of U.S. products.
President Trump announced the U.S. will impose 10 percent tariffs on $200 billion worth of imports from China. It's the latest round of an escalating trade dispute between the two countries.
At the Big Iron Farm Show in North Dakota, the usual concerns about crops have been heightened by another big worry: a trade war with China that's already driven soybean prices down sharply.
The automaker canceled plans to produce a small car in China and sell it in the U.S., citing the cost of tariffs on imports from China. Trump had suggested the cars could be made in the U.S. instead.
A textile firm's reliance on China for raw materials has put it in the middle of a growing trade war — and its view on President Trump's tariffs is rather unusual: It both opposes and supports them.
The U.S. imposed 25 percent tariffs on $16 billion of Chinese goods overnight, and China matched them. The two have slapped tariffs on a total of $100 billion of each other's goods in two months.
As a trade war brews between the U.S. and its major trading partners, we looked into the carts of back-to-school shoppers to see how global trade might show up in their baskets