News / 11 May 2025
Week in Review: U.S. and UK agree to trade deal
High-level trade negotiations between the U.S. and China are set to resume in Switzerland this weekend. U.S. Treasury Secretary Bessent and Trade Representative Greer will meet with Chinese Vice Premier He Lifeng in a bid to de-escalate tensions. Meanwhile, new customs data showed Chinese exports to the U.S. plummeted 21% year-over-year in April, falling to $33 billion amid steep U.S. tariffs—a stark reminder of the ongoing economic toll.
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