Progress toward reducing trade barriers has been made but uncertainty from U.S. trade policy will lead to weaker growth and continued lower inflation in the U.K., Lombardelli said.

"Today’s announcement is a positive step that will allow some trade between the two countries to resume," said U.S.-China Business Council President Sean Stein

The result has been a raft of trade wars between Washington and other governments, Beijing foremost among them. Trump’s disruptions to the global economy are serious, and they may feel novel. But today’s situation is hardly without precedent.

When President Trump ended a tariff exemption for small packages from China and Hong Kong, e-commerce companies Shein and Temu lost a big advantage as they became exposed to Trump’s new sky-hig

The President and CEO of the US Meat Export Federation says the U.S. trade agreement in principle with China is good news for beef and pork exports. Dan Halstrom says the deal significantly drops tariff rates for muscle cuts and variety meats.

David Gura, Anchor and Correspondent for Bloomberg News and Sam Stein, Managing Editor for The Bulwark joins Nicolle Wallace on Deadline White House to discuss the fallout from the 90 day pause on significant tariffs that was agreed to by the United States and China and how the unpredictability of the American President has given China a lane to persuade countries that used to be our reliable trading partners to work with President Xi.

SharkNinja Chief Executive Mark Barrocas obsessively checked his Apple News feed throughout the night Sunday. When the U.S.-China trade agreement was announced early Monday morning, he instructed factories in China to release hundreds of containers of goods bound for the U.