Top Chinese, US trade officials huddle in Sweden for second day of thorny talks over tariffs
Associated Press7 days
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Trump's tariffs are reshaping global trade for everyone. Deals with Japan, Indonesia, and the Philippines, plus potential EU agreements, are opening markets and boosting U.S. exports with low tariffs, while the EU's 15% reciprocal tariffs could benefit American consumers and producers. Tariffs added $64B in revenue, with no major inflation spike, proving Trump's strategy stabilizes markets and counters China's dominance.
There is a 6.7% chance that China will enact an export ban on a rare earth element to the U.S. before Sept. 1, 2025, according to the Metaculus prediction community.