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The Latest Breaking News from Scott Bessent

Markets Rally After China And US Slash Tariffs For 90 Days

Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on trading partners on April 2, with the heftiest saved for Beijing, raising concerns of a trade war between the economic superpowers.

Latin Times

US and China talk it out at Geneva, agreeing to suspend ultra-high tariffs for 90 days, but PC parts don't seem to be part of the deal

Sector-specific tariffs aren't part of the deal.

PC Gamer

U.S.-China deal signals Trump's team has an appetite for deescalation, leaving analysts wondering if this is a clean-up operation or longer term strategy

Markets are rallying this morning following Treasury Secretary Scott Bessent's announcement that China and the U.S. would both be dropping their tariff rates by 115% for 90 days.

Fortune

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First Thing: China and US agree 90-day pause to trade war initiated by Donald Trump

Countries to lower reciprocal tariffs by 115% as US treasury secretary says ‘neither side wants a decoupling’. Plus, meet the TV and film stars who didn’t even act

The Guardian - UK

Investors think China is winning Trump’s trade war as stocks rally globally

The China deal, like the U.K. deal, still leaves the U.S. with much higher barriers to trade than it had before.

Fortune

US, China Agree To Slash Tariffs In Trade War De-escalation

The world's two biggest economies agreed in a joint statement to bring their triple-digit tariffs down to two figures and continue negotiations.

International Business Times

China and US agree to ease tariffs for 90 days as trade war talks extended

Some ‘reciprocal’ tariffs and duties are being rolled back in favour of ‘mutually beneficial’ talks.

Al Jazeera

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U.S. drops China tariffs to 30% after 'constructive' talks, rolling back much of Trump's trade war threats

Hong Kong's benchmark Hang Seng Index closed 3% higher after both the U.S. and China chose to de-escalate a budding trade war.

Fortune

White South Africans given ‘refugee’ status arrive in US as Trump administration told they got ‘wrong end of the stick’ – as it happened

Trump administration welcomes 59 white South Africans as claim they faced discrimination has been widely criticized

The Guardian - US

Trump claims ‘total reset’ of US-China ties as 90-day pause to trade war agreed

Markets rally after Washington and Beijing agree to drastically cut reciprocal tariffs as US treasury secretary says ‘neither side wants a decoupling’

The Guardian - UK

US and China announce substantial reductions in tariffs for 90 days

The US and China agreed to lower tariffs for 90 days on Monday, as the world’s two biggest economies attempt to cool an escalating trade war.

Euronews

Trump live: President asks drugmakers to voluntarily lower prices but offers no plan to enforce it

It comes as Trump has defended reports the Qatari royal family will gift a $400 million Boeing jet to the president to use as the new Air Force One

The Independent UK

Wall Street surges after US and China agree to slash tariffs in 90-day pause – as it happened

Donald Trump has “blinked”, says analyst, at Washington and Beijing cut reciprocal tariffs by 115 percentage points, for 90 days at least

The Guardian - UK

Asian Markets Rally After Positive China-US Trade Talks

Asian stocks rallied Monday after top Chinese and US officials held "substantial" trade talks at the weekend, fuelling hopes the two sides will dial down a tariff standoff that has rattled global markets and fuelled recession fears.

International Business Times

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International Business Times

US And China To Publish Details Of 'Substantial' Trade Talks In Geneva

The United States and China are set to provide details on Monday of the "substantial progress" made during talks in Switzerland over the weekend aimed at cooling trade tensions ignited by President Donald Trump's sweeping tariffs.

Euronews

Trump hails 'great progress' as US-China trade talks in Geneva continue

The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation.

The Guardian - UK

White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in Geneva

Fortune

U.S. says deal struck in tariff talks with China will help global trade deficit as White House signals reboot in relations

“It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”

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news in one place.

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International Business Times

Trump Hails 'Total Reset' In US-China Trade Relations As Talks Continue

US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day of talks Sunday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout.

Euronews

US and China tariff talks begin in Geneva with hope of de-escalating trade dispute

Tariff talks begin between US and Chinese officials in Switzerland on Saturday. This follows US President Donald Trump increasing US tariffs on China to a combined 145%, and China retaliating by hitting America with a 125% levy last month.

The Guardian - US

Whiplash reversals mean Trump’s erratic trade policy is as clear as mud

The specifics of the administration’s economic masterplan – from strollers to movies to China – change by the day

Fortune

Stock markets stagnate as investors wait for results of China trade talks

“Many Trade Deals in the hopper, all good (GREAT!) ones!,” President Donald Trump posted Friday on his social media app Truth Social.

Euronews

Switzerland's president hopes 'Holy Spirit' will guide US-China tariff talks in Geneva

The Swiss government said its talks with Bessent and US Trade Representative Jamieson Greer were “convivial and constructive” and were aimed to lay out the guidelines for a deal on the issue of customs duties to be discussed again in coming weeks.

Fortune

U.S.-China trade talks will shed light on the end goal for tariffs

The world’s two largest economies will hold official trade talks this weekend.

TechRadar

IRS could use AI to replace workers after mass layoffs

Considerable IRS workforce cuts could be replaced with bots.

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