July 7, 2025
Sydney 29

US-China trade talks: ‘Great progress made’: Donald Trump on US-China tariff talks being held in Switzerland, hails ‘total reset’

US President Donald Trump claimed on Saturday that “great progress” was made during the first day of high-stakes US-China trade talks in Geneva, signalling what he called a “total reset” in relations between the world’s two largest economies.In a post on Truth Social, the US president wrote, “A very good meeting today with China, in […]

US-China trade talks yield no breakthrough, to resume Sunday

United States and China held direct trade talks in Geneva on Saturday, with discussions expected to continue on Sunday, according to an official, reported Associated Press. The meetings are part of efforts to ease tensions that have triggered steep tariff hikes and increased economic uncertainty worldwide. US treasury secretary Scott Bessent and trade representative Jamieson […]

US may cut China tariffs from 145% to 50% ahead of trade negotiations in Switzerland

The Trump administration is expected to announce a significant reduction in tariffs on Chinese imports—possibly as early as next week—just as American and Chinese trade officials gather in Switzerland for key negotiations. Sources told The Post that current tariffs of 145% on Chinese goods could be lowered to between 50% and 54%, a rate seen […]

US Fed pauses rate cuts again says ‘great deal of uncertainty’ over Trump’s tariffs

File photo: US federal reserve chair Jerome Powell (Picture credit: AP) US Federal Reserve Chair Jerome Powell on Wednesday warned that US President Donald Trump’s escalating and uncertain tariff policies could force the central bank into a difficult position where its key objectives, low inflation and maximum employment, might come into conflict. “I think there’s […]