BlogHear News | May 22, 2025 In a dramatic escalation of trade tensions, U.S. President Donald Trump announced on Friday that he is recommending a 50% tariff on all goods imported from the European Union, effective June 1, 2025. The announcement was made via a social media post, where Trump criticized the pace and progress…
GENEVA — The United States and China have announced significant progress in trade negotiations held over the weekend in Switzerland, marking a potential turning point in the tense economic relationship between the two global superpowers. US Treasury Secretary Scott Bessent described the high-level discussions as “productive and constructive,” while China’s Vice Premier He Lifeng called…
GENEVA – The United States and China have reached a temporary agreement to significantly reduce the high import tariffs both countries imposed on each other, easing trade tensions that had rattled global markets. US Treasury Secretary Scott Bessent confirmed on Sunday that both nations will reduce their respective tariffs by 115% for a 90-day period,…
