China, Trump and tariff
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The European Union and its 27 member nation bloc became the latest of the United States' top trading partners to come to an agreement with Trump over the weekend, joining the Philippines, Japan and Indonesia in announcing deals during July.
The economy was supposed to crumble. The trade war was expected to escalate out of control. Markets were forecast to plunge. None of that has happened. But Trump’s early trade victory may be short-lived.
U.S. senators from both major parties plan to introduce bills this week targeting China over its treatment of minority groups, dissidents and Taiwan, emphasizing security and human rights as President Donald Trump focuses on trade with Beijing.
After previously saying that the US would block exports of key AI chips to China, Donald Trump's administration has backtracked.
President Donald Trump is meeting with United Kingdom Prime Minister Keir Starmer in Turnberry, Scotland, this morning to discuss trade. The U.S. and United Kingdom reached an agreement on tariffs in May. Yesterday, Trump announced a trade deal with the European Union that would set tariffs at 15% for U.S. imports of most European goods.
US Commerce Secretary Howard Lutnick stated President Trump favors TikTok, but insists on American ownership to address security concerns over Chinese control. Lutnick warned that if ByteDance doesn't relinquish control,
"I'm going to reduce that 50 days that I gave him to a lesser number," Trump said as he met British Prime Minister Keir Starmer.
US President Donald Trump is expected to host the leaders of DR Congo and Rwanda - Félix Tshisekedi and Paul Kagame - in the coming weeks to seal a peace agreement that he has hailed as a "glorious triumph", hoping to back it up with deals that will boost US investment in the region.