💨 Abstract

President Donald Trump expressed optimism about reaching a trade deal with China, though no specifics or plans for negotiations were given. The U.S. and China are currently at an impasse, with the Chinese commerce ministry urging the U.S. to respect them in any talks and demanding an end to pressure on their economy. Trump has kept in place tariffs on Chinese goods totaling 145%, while temporarily relaxing tariffs on goods from other trading partners.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖