The car you drive years in the future might run off a battery being invented in a lab today. Companies in China and the United States are racing to perfect and scale up next-generation technologies.
Businesses are rushing to import Chinese goods after the U.S. struck a temporary deal. This "stop-go" nature of trade could still mean higher prices and doesn't ease uncertainty, an economist warns.
U.S. levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.
The meetings between top U.S. and Chinese officials in Geneva represent the first potential efforts to end a trade war that has frazzled financial markets.
Chinese consumers have less and less confidence to splurge, which spells trouble for government efforts to jump-start consumer spending to offset deflation and mitigate the trade war with the U.S.
Trade negotiators from the U.S. and China are starting talks this weekend in Switzerland. These are the first high-level trade talks between the two countries since President Trump returned to the White House.
The superpowers have been locked in a geopolitical blinking contest, waiting for the other side to reach out. The talks in Switzerland are the first concrete sign of a potential thaw in the deadlock.