Overview

• Donald Trump expressed optimism about finalizing a trade agreement with China in three to four weeks, citing productive discussions with Beijing.
• China has indicated it will not raise general tariffs further, easing tensions after weeks of escalating trade measures.
• The U.S. Federal Reserve warns of slower economic growth and rising consumer prices due to the ongoing tariff policies.
• Trump has postponed a decision on the sale of TikTok’s U.S. operations until the broader trade dispute with China is resolved.
• Experts caution that while tariffs aim to boost U.S. manufacturing, immediate consumer price hikes and long-term production shifts remain significant challenges.