Stock markets across Asia rose Monday as investors waited for details about the talks, including hopes of a partial rollback of the tariffs. China’s trade surplus with the United States topped $100 billion last year. Chinese tariffs on U.S. agricultural products, retaliation for the tariffs Trump issued over fentanyl, will also remain. The shift is likely, analysts said, because the trade war is taking a toll on both economies. Even before the trade war began, the Chinese economy was already suffering from stubborn unemployment, sluggish consumer spending and a looming deflation crisis.

Source: The Guardian May 13, 2025 07:55 UTC