US President Donald Trump agreed with his Chinese counterpart, Xi Jinping, to extend the trade truce with China, which was set to expire in November, until January 10, 2027.

The decision was confirmed this week by the Ministry of Commerce of the People’s Republic of China. Regarding this, it is known that this extension of the truce “will allow sufficient time to measure the impact of the agreement and provide greater certainty and stability to the markets of both nations while substantive talks continue, according to international media.”

Likewise, both parties agreed to “create a bilateral Trade Council and an Investment Council, which will oversee trade and address obstacles in the sector.”

“This is part of the eighth round of economic and trade consultations held in New York,” according to the media.

The functions of the bilateral Trade Council include “addressing this tariff package, while the Investment Council will focus on addressing business opportunities and obstacles.” A “reciprocal tariff reduction on products valued at approximately $30 billion for each party” is expected. This measure could benefit approximately 90 % of goods.

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Source: ultimasnoticias

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Canada imposed new tariffs on US imports on Tuesday, September 8, at 15 %, 25 %, and 50 %, equivalent to approximately US$20 billion.

According to the official list published by the Canadian government, “the new tariffs apply to selected products among those affected by US tariffs, with individual rates corresponding to the percentage applied by Washington to the same goods.”

This measure came after “Prime Minister Mark Carney’s government opted to maintain a firm stance against US President Donald Trump, in order to strengthen its negotiating position with Washington,” as reported by Bloomberg.

In trade matters, relations between the two countries have deteriorated in recent months, leading to a tariff war. As is known, since February of last year, “Washington has imposed tariffs on numerous Canadian imports, to which Ottawa has responded with retaliatory measures.”

Negotiations for a trade agreement reached a standstill last August, triggering a new escalation of tariffs between the two countries.

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Source: actualidad.rt.com

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The US economy is facing a setback as a result of decisions made since 2015 by President Donald Trump, the Supreme Court’s ruling that the president’s tariff collection was illegal, and federal government spending that exceeds revenue by $2 trillion. All of this has pushed the sovereign debt above $4 trillion.

“This milestone was reached just five months after surpassing $39 trillion,” according to data released last Wednesday by the Treasury Department. According to the report, “Debt Calculated to the Penny,” “the total liabilities of the US federal government are $40.047 trillion.”

The situation is exacerbated by the increase in debt related to healthcare and social security, in addition to the interest payments made by the country. “This figure contrasts sharply with a previous forecast from the Congressional Budget Office, which projected that total debt would reach $39.4 trillion by the end of fiscal year 2026 in September.”

The projections are discouraging and assume that the debt will continue to rise, especially considering that the yield on the 30-year US Treasury bond reached its highest level in 19 years last week amid fears of rising inflation due to the war in Iran.

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Source: dw

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La entrada US sovereign debt surpasses $40 trillion apareció primero en Bitfinance.

Donald Trump’s tariff pressure has led China to eliminate duties for almost all African countries. In fact, it has benefited 53 of the continent’s 54 nations.

For the moment, it is known that the only African country excluded from the measure is Eswatini, “because it maintains formal diplomatic ties with Taiwan.”

In any case, the most notable aspect is that this Chinese policy “grants the largest African economies access to its market duty-free for the next two years,” starting last Friday, May 1st.

It is a duty-free agreement for their goods. According to the Customs Tariff Commission of the State Council of the Asian country, the agreement will promote “the common development of China and Africa, facilitating the entry of products that previously faced tariffs of between 8 % and 30 %.”

In this regard, the first shipment was a 24-ton consignment of apples from South Africa that arrived via Shenzhen.

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Source: noticiasargentinas

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La entrada China reacts to Trump’s new tariffs by eliminating duties for 53 African countries apareció primero en Bitfinance.

Data from the recent analysis by the Center for Economic Studies of the Private Sector in Mexico (CEESP) indicates that the annual growth rate for the next decade is 1.85 %, due to caution regarding investment and employment.

The private sector warns of increased concern about the pace of economic growth and that the immediate consequences will be reflected in the evolution of formal employment and business investment, which is the main driver of growth.

The CEESP (Center for Economic Studies of the Private Sector) expresses fears of a decline in Gross Domestic Product (GDP) for the fourth quarter of 2025 and for the January-March period of 2026. Meanwhile, the Bank of Mexico, in its November Survey of Private Sector Economic Specialists’ Expectations, also expressed concern about the pace of economic growth in the coming years.

According to the CEESP report, the economy will grow by 0.39 % for the remainder of 2025, and in 2026 it could reach a range of 0.5 % to 1.5 %. This may not be enough to meet the employment and welfare needs of households.

Regarding 2027, they point out that “while the pace of economic growth is expected to continue improving, it is projected to reach only 1.81 %.”

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Source: redfinanciera

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The United States was overtaken as Germany’s top trading partner by China, which surpassed the American country in the first eight months of 2025.

This change in trade dynamics, according to data from the German statistics office, is mainly due to the crisis generated by the increase in tariffs that hampered German exports to the United States.

“German imports and exports with China totaled 163.4 billion euros (190.7 billion dollars) from January to August, while trade with the US amounted to 162.8 billion euros,” according to Reuters calculations.

Regarding the tariffs imposed by US President Donald Trump, “they have put downward pressure on German exports to the United States, which fell 7.4 % in the first eight months of the year compared to 2014, to €99.6 billion. In August, exports to the United States fell 23.5 % year-on-year, showing that the trend is accelerating.”

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Source: eleconomista

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La entrada China is Germany’s largest trading partner apareció primero en Bitfinance.

The United States and El Salvador signed an important Reciprocal Trade Agreement that will allow the two countries to focus on key aspects of their economic relations, such as exports, tariffs, and security, among others.

The objective is to consolidate the bilateral economic relationship by focusing on the discussion of “non-tariff barriers, including simplifying regulatory requirements and authorizations for U.S. exports, such as the acceptance of vehicles and auto parts manufactured according to U.S. motor vehicle safety and emissions standards, and the acceptance of FDA certifications and prior marketing authorizations for medical devices and pharmaceuticals.”

The Central American nation also anticipates the elimination of non-tariff barriers to “U.S. agricultural products in its market,” ensuring that U.S. agricultural exporters are not restricted by the mere use of certain terms related to cheese and meat.

For its part, the U.S. will eliminate reciprocal tariffs on certain Salvadoran exports, such as products not grown or extracted in the U.S., and textiles and apparel originating from the previous trade agreement, CAFTA-DR.

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Source: sv.usembassy.gov

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On Thursday, October 30, the US Senate approved the repeal of the global tariffs imposed by President Donald Trump, which generated $88 billion in tax revenue between April and August.

The vote to reject Trump’s tariff policy was 51 in favor and 47 against, “with the support of Republican senators Rand Paul, Mitch McConnell, Susan Collins, and Lisa Murkowski.”

This Senate resolution follows two previous ones to eliminate tariffs on products from Canada and Brazil, respectively. According to Republican Senator McConnell, “the tariffs make it more expensive to both build and buy goods in the United States.”

However, it appears these measures against Trump’s tariffs are destined to be a symbolic act, “since they now go to the House of Representatives, where they have very little chance of passing given the Republican majority in the chamber.”

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Source: bancaynegocios

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La entrada US Senate overturns President Trump’s global tariffs apareció primero en Bitfinance.

Pharmaceutical products not manufactured in the United States will be subject to a 100 % tariff, according to a recent announcement by President Donald Trump.

The measure will apply to brand-name or patented pharmaceutical products starting October 1, “unless a company is building a manufacturing plant in the United States.”

That is, the tax will not apply to “pharmaceutical imports if companies have begun construction of a manufacturing plant in the United States or if such a plant is under construction.”

The new tax announcement made last Thursday by Trump also included a 25 % tariff on imported heavy trucks, “kitchen cabinets and bathroom vanities will have a 50 % tax, and imports of upholstered furniture will have a 30 % tax.”

It is important to clarify that Trump’s tariff policy is based on “Section 232 of the Trade Expansion Act, which allows the government to impose tariffs without congressional intervention if imports are considered a threat to national security. This approach has already been used to impose tariffs on imports of automobiles, copper, steel, and aluminum.”

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Source: bloomberglinea

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La entrada Trump to impose 100 % tariff on drugs not manufactured in the US apareció primero en Bitfinance.

As a way to avoid US President Donald Trump’s tariffs, which also affect the technology sector, Apple announced a $100 billion investment in the country.

The initiative will also be aimed at boosting domestic production, the technology company said Wednesday, as it remains attentive to the launch of the American Manufacturing Program, “aimed at returning more of Apple’s supply chain to the US and turning the tech giant into a model or decoy to incentivize other companies to manufacture critical components in the country.”

The news of Apple’s multi-million-dollar investment is considered a “victory for our manufacturing industry that will simultaneously help relocate the production of critical components to protect U.S. economic and national security,” according to White House spokesperson Taylor Rogers.

The company’s investment will increase the technology company’s investment in the United States to $600 billion this year.

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Source: elpais

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La entrada Apple to make million-dollar investment in the US apareció primero en Bitfinance.