China and the United States have agreed to roll back tariffs on each others' goods as part of the first phase of a trade deal, officials from both sides said on Thursday offering a new sign of progress despite ongoing divisions about the months-long dispute.
United States on Wednesday said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskeys and cheese from across the continent as punishment for illegal EU aircraft subsidies.
US President Donald Trump said on Wednesday the United States has agreed to delay increasing tariffs on US$250 billion worth of Chinese imports from Oct 1 to Oct 15 as a gesture of goodwill.
China and the United States began imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war, but U.S. President Donald Trump said the sides would still meet for talks later this month.
President Donald Trump declared on Friday he would further raise American tariffs on all Chinese imports hours after China announced tariffs on American goods, the second escalation within the day of a trade war between the world’s two biggest economies that has shown no sign of ending soon.
The US and Guatemala have signed a migration agreement, days after US President Donald Trump threatened the Central American country with tariffs. Under the deal, migrants from Honduras and El Salvador who pass through Guatemala would be required to stop and seek asylum there first. Migrants who failed to do so would then be ineligible for asylum in the US.
U.S. President Donald Trump said on Friday that he has indefinitely suspended the threat of tariffs against Mexico after reaching a signed agreement on immigration.
Mexico's president has insisted his government will not be provoked after President Donald Trump announced escalating tariffs on all goods unless Mexico curbed illegal migration. Andrés Manuel López Obrador described Mr Trump's slogan “America First” as a fallacy and said universal justice was more important than borders.
A red wave swept across Asia trading floors on Wednesday as investors grow increasingly concerned that the China-US trade deal, which appeared all by ready to sign, could fall through.
Top US trade officials said on Monday that China had backtracked on previous commitments made in talks, and that this reversal was what prompted President Donald Trump’s earlier announcement that the United States would raise tariffs on billions of Chinese goods next Friday.