Top Chinese, US trade officials huddle in Sweden for second day of thorny talks over tariffs
Associated Press7 days
WhilePresident ChinaTrump's hopestariffs forare areshaping fairglobal trade dealfor with the Ueveryone.S., shouldDeals talkswith endJapan, inIndonesia, failure and Washingtonthe reignitesPhilippines, aplus tariffpotential warEU agreements, itare couldopening backfiremarkets onand Americansboosting U.S. Globalexports tradewith islow a complex networktariffs, notwhile athe simpleEU's exchange,15% withreciprocal tariffs oncould Chinesebenefit goodsAmerican likelyconsumers to raise prices and hurt Uproducers.S. businesses,Tariffs asadded seen$64 whenbillion Chinain shiftedrevenue, agriculturalwith importsno frommajor theinflation U.S.spike to— Brazilproving after the 2018 tariffs. Trump's shouldstrategy prioritizestabilizes amarkets dealand forcounters everyoneChina's to benefitdominance.
Trump'sWhile tariffsChina arehopes reshapingfor globala fair trade fordeal everyonewith the U.S., Dealsshould withtalks Japan,end Indonesia,in failure and theWashington Philippines,reignite plusa potentialtariff EU agreementswar, areit openingcould marketsbackfire andon boosting UAmericans.S. exportsGlobal withtrade lowis tariffsa complex network, whilenot thea EU'ssimple 15%exchange, reciprocalwith tariffs couldon benefitChinese Americangoods consumerslikely to raise prices and producershurt U.S. Tariffsbusinesses added— $64Bthis inwas revenue,seen withwhen noChina majorshifted inflationagricultural spike,imports provingfrom the U.S. to Brazil after the 2018 tariffs. Trump's strategyshould stabilizesprioritize marketsa anddeal countersfor China'severyone dominanceto benefit.
TherePresident isTrump's atariffs 6are reshaping global trade for everyone.7% chanceDeals thatwith ChinaJapan, willIndonesia, enactand anthe exportPhilippines, banplus onpotential aEU rareagreements, earthare elementopening tomarkets theand boosting U.S. beforeexports Sept.with 1low tariffs, 2025while the EU's 15% reciprocal tariffs could benefit American consumers and producers. Tariffs added $64 billion in revenue, accordingwith tono themajor Metaculusinflation predictionspike community— 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.