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The Latest Breaking News from Wendy Cutler

US Tariffs On Indian Goods Double To 50% Over Russian Oil Purchases

US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.

International Business Times

US and China to talk in Stockholm as trade truce expiration nears

The talks are a precursor to a potential autumn meeting between US President Donald Trump and Chinese leader Xi Jinping.

Euronews

US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year

U.S. and Chinese officials are meeting in Stockholm to discuss trade tariffs and a potential summit between their leaders

The Independent UK

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Trump sends tariff letters, placing 25% duty on Japan and South Korea

Higher tariffs had been set to come into effect on 9 July, although the US president has now moved this date to 1 August.

Euronews

Deal Or No Deal: What Happens With Trump's July Tariff Deadline?

A week before US President Donald Trump reimposes steep tariffs on dozens of economies, including the EU and Japan, many are still scrambling to reach a deal that would protect them from the worst.

International Business Times

US and China reach deal to ease rare earth mineral export curbs after talks in London

US commerce secretary says framework puts ‘meat on the bones’ of deal reached last month in Geneva to ease retaliatory tariffs

The Independent UK

The US and China have agreed on a framework to resolve their trade disputes

Chinese state media say that the U.S. and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month

The Independent UK

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US and China to hold trade talks in Switzerland

It will be the first in-person discussions between American and Chinese senior officials since US President Donald Trump escalated the tariff war between the two countries.

Euronews

Trump Talks Tough On China, But Early Focus Elsewhere

Voicing frustration over the lack of success in ending Russia's invasion of Ukraine, US Secretary of State Marco Rubio called for renewed focus on "our number-one geopolitical foe" -- China.

International Business Times

‘There’s no way’: Experts doubt Trump team’s plan to reach 90 trade deals in three months

‘There's no way during this timeframe we're doing a comprehensive agreement with any of these countries,’ one expert said

The Independent UK

China suddenly playing nice with Corporate America

US-China ties have gone from ‘do what we say,’ to “convince us to stay.”

Axios

America’s lopsided China strategy: all guns and no butter

Facing criticism that its approach focuses too much on defence, the administration is preparing an economic plan for the Indo-Pacific

Financial Times

Russia war ends era of globalization that kept inflation low

For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced goods and supplies

People

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