Overview

• U.S. and Chinese officials are negotiating a trade deal, with President Trump suggesting an agreement could be reached in three to four weeks.
• The United States has imposed a 145% minimum tariff on Chinese imports, with some duties reaching 245%, while China has retaliated with a 125% surcharge on U.S. goods.
• Most U.S. tariffs are temporarily capped at 10% for 90 days, excluding those on China, and the European Union has paused its countermeasures during this window.
• French trade unions met with government officials in Bercy to address concerns over potential job losses linked to the tariff increases.
• The U.S. Trade Representative announced new docking fees for Chinese-built and operated vessels, aiming to bolster American shipbuilding and counter China's maritime dominance.