💨 Abstract

China's Politburo pledged aid for companies hit by U.S. tariffs but offered no specifics. After talks in Stockholm, the U.S. and China agreed to continue discussing a tariff extension, but no decision was made. China aims to boost domestic demand and manage economic challenges, while the U.S. considers raising tariffs. Despite a brief tariff truce, Chinese industrial profits have declined. Both sides emphasize constructive dialogue but warn against a tariff war.

Courtesy: WTOP Staff