China hits back
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South Korea's exports fell in May for the first time in four months, as shipments to the United States and China dropped on global trade conflict triggered by U.S. President Donald Trump's sweeping tariffs.
The U.S.-China trade truce in Geneva earlier this month hinged on Beijing agreeing to resume crucial mineral exports. Now China is slow-walking the concession, and the pact is in jeopardy.
U.S. consumer confidence rebounded sharply in May from a near five-year low as the outlook for the economy and labor market improved amid a truce on tariffs.
Consumer confidence improved in May after deteriorating for five straight months amid a truce in the trade war between Washington and China, though households continued to worry about tariffs raising prices and hurting the economy.
Many of the city’s small- and medium-sized enterprises are racing to export their current stockpile of products to the US before a 90-day trade truce expires.
With three decades spent shaping US trade policy from behind the scenes, Cutler touches on hot-button issues, from Trump's executive orders to the likelihood of a lasting agreement with China
Southeast Asian leaders met Monday in Kuala Lumpur for their first summit since US President Donald Trump's tariffs upended global economic norms, with the trade-dependent nations expected to issue a joint message of deep concern.