All articles tagged with #trade conflict
Treasury Secretary Scott Bessent, who owns soybean farmland, expressed personal pain over China's refusal to buy US soybeans during trade conflicts, but recent negotiations with China have led to a framework that may alleviate farmers' concerns, signaling potential positive developments for US soybean farmers.
China has vowed to retaliate if Trump follows through on his threat to impose a 100% tariff, following China's sudden imposition of strict export controls on critical raw materials, escalating the U.S.-China trade conflict.
President Donald Trump announced a 100% tariff on all Chinese imports and export controls on critical software, escalating tensions with China amid China's tightening export restrictions on rare earth minerals vital for tech industries, leading to significant stock market declines and market volatility.
The EU is considering broader counter-measures, including anti-coercion tools, against the US as prospects for a trade deal diminish due to Trump's threat of increased tariffs, with some EU countries leaning towards using these measures despite concerns over escalation.