Shock, chaos and a hollow win: Chasing a tariff deal with Trump

China's trade surplus grows as exports rebound

China's latest trade data shows a surprise export growth, rebounding from dipping demands and shipping disruptions caused by the pandemic. This has resulted in a trade surplus of $58.4bn, with analysts attributing this to improved global demand and chipped exports.

Trump's hollow victory

In a surprising move, President Trump agreed to temporarily waive tariffs on imported steel and aluminum from Brazil and Argentina. While this could be viewed as a victory for Trump, who has long called for tougher restrictions on the South American nations, critics are concerned this could weaken America's negotiating stance with other trade partners.

The elusive tariff deal

Trade officials are chasing a tariff deal with President Trump ahead of his stated intention to raise tariffs on USD 200bn of Chinese goods on October 15th, which could inflame tensions and further strain the global economy.