In a dramatic move, President Trump has terminated trade negotiations with Canada, citing a new digital service tax as a threat. This decision could lead to higher tariffs and escalating trade tensions between the two nations.
In a surprising turn of events, the US and China have reached a significant trade deal after two days of intense negotiations in Geneva. Treasury Secretary Scott Bessent announced 'substantial progress' and hinted at a possible resolution to the ongoing trade war. This agreement comes as both nations aim to stabilize their economic relationship and address the massive trade deficit.
China's Commerce Ministry signals readiness for trade talks with the U.S. but insists steep tariffs must be removed first. With tensions high, Beijing vows to fight back against unilateral actions by Washington.
