China and the United States extended their bilateral trade truce to January 10, 2027 as Xi Jinping made his first state visit to Washington in over a decade, meeting Trump at the White House.
Tag: tariffs
Posted inGeopolitics
Bessent and Greer Fly to New York With Rare Earth Warning Ahead of Xi-Trump Summit
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet Chinese Vice Premier He Lifeng in New York on Sunday, with Washington warning that China’s rare earth compliance is ‘not up to par.’
Posted inEconomy
Canada Activates $20 Billion in Tariffs on US Goods as Trade War Escalates
Canada imposed tariffs of 15–50% on more than 700 categories of US imports on September 8, activating $20 billion in counter-measures after last-minute negotiations collapsed over the weekend.
Posted inEconomy
Bank of Canada Holds at 2.25% Amid Tariff Risk and Fragile Recovery
The Bank of Canada kept its benchmark rate at 2.25% for the seventh consecutive meeting on September 2, citing trade war uncertainty even as Q2 GDP expanded at an annualised 3.3 percent.
Posted inTech
White House Weighs Semiconductor Tariffs on Laptops, Servers and Consoles
The Trump administration is considering duties on finished products containing chips—laptops, data center servers and gaming consoles—as PC prices already sit more than 20% above year-ago levels.
Posted inEconomy
Trump Pauses Canada’s 50% Tariffs for Three Days After Last-Minute Deal Claim
Trump paused 50% tariffs on Canadian goods Wednesday, citing an imminent deal less than 90 minutes before the scheduled 12:01 a.m. deadline.
Posted inEconomy
Canada Warns New Tariffs Will Halt Trade Talks as August 19 Deadline Arrives
Canada’s chief negotiator warned Washington that the August 19 tariff deadline risks derailing all bilateral trade talks and forcing Ottawa to retaliate.
Posted inEconomy
Washington’s 50% Canada Tariffs Take Effect August 19, Covering 550 Product Lines
Three presidential proclamations signed July 20 impose 50% duties on over 550 Canadian product lines from August 19, with no USMCA exemption and no expiry date.
Posted inEconomy
US Trade Deficit Narrows to $73.3 Billion in June as Imports Slow
The US goods and services deficit fell to $73.3 billion in June 2026, down $4.4 billion from May, as import volumes contracted faster than exports, according to BEA data released August 4.
Posted inGeopolitics
Beijing Calls Washington Over Trade Curbs as Xi’s September Visit Approaches
Chinese Vice-Premier He Lifeng raised “serious concern” over US trade restrictions in a July 30 call with Treasury Secretary Scott Bessent and USTR Jamieson Greer, as both sides try to stabilise relations before Xi Jinping’s expected September visit.