US EditionS&P Economists Say 90-Day Trade Pact with China Brings Limited Relief
- China and the U.S. Reached a 90-day trade pact over the weekend in Geneva, agreeing to slash tariffs to resume partial trade between them.
- This agreement aims to reduce policy uncertainty and lower tariffs from 145% to 30 for the U.S. And from 125% to 10 for China, but it only provides temporary relief.
- S&P Global Ratings highlighted factors such as more buoyant asset prices and some market reopenings but warned businesses remain cautious about hiring amid uneven sector impacts.
- Walmart CEO Doug McMillan stated tariffs will increase consumer costs despite efforts to shift production to the U.S. And improve supply chains over several years.
- S&P called the deal a positive step but declined to update growth forecasts due to unpredictable policy developments and noted tariffs may sharply increase without a broader agreement.
19 Articles
19 Articles
Trump’s 90-day tariff pause with China is too little, too late for some US small businesses
Hugo Ramirez has paused plans for expansion amid the uncertainty. Daniel Kramer for BI When tariffs on Chinese imports dropped from 145% to 30%, Connor Alexander hit print on a new board game that he’s publishing. If he’s lucky, the game will be ready to ship in 60 days and arrive in the US a couple weeks later. By that point, tariffs could be back up. “This pause on the tariffs doesn’t really help me. In fact, it just kind of terrifies me, beca…
Trump's 90-day tariff truce with China offers scant relief to small businesses
Hugo Ramirez has paused plans for expansion amid the uncertainty.Daniel Kramer for BISmall business owners told BI that a 90-day trade deal with China doesn't let them plan confidently.Some aren't sure what taxes existing orders will face and feel like they're "gambling."The uncertainty of the short window has caused some to pause expansion plans.When tariffs on Chinese imports dropped from 145% to 30%, Connor Alexander hit print on a new board …
U.S. Businesses Race to Restock as China Tariff Cut Offers 90-Day Lifeline - teleSUR English
The tariff relief came as companies finalize orders for the winter holiday season, making the timing critical for keeping shelves stocked. American retailers and manufacturers rushed to place orders with Chinese suppliers after the United States and China announced a temporary rollback of reciprocal tariffs, creating a 90-day window to rebuild depleted inventories. RELATED: US and China Suspend Reciprocal Tariffs for 90 Days: A Step Toward Globa…
S&P Economists Say 90-Day Trade Pact With China Brings Limited Relief
WASHINGTON, D.C. – A top credit-rating agency said the short-term deal the U.S. struck with China on trade is a positive sign, but only temporary. “The U.S.-China tariff reduction improves our macroeconomic outlook,” said Paul Gruenwald, global chief economist at S&P Global Ratings. “This reflects a combination of factors including the direct effects of lower bilateral tariffs on the world’s two largest economies, a reduction – though not elimin…
Coverage Details
Bias Distribution
- 54% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
