Latest / The 47 Morning Update with Ben Ferguson
Tariff Turnaround-Understanding Trump's Reset on U.S. Trade
Breakthrough in Trade Talks:After two days of negotiations in Geneva, U.S. officials, including Treasury Secretary Scott Descent and Trade Representative Jamison Greer, reported substantial progress with Chinese Vice Premier Liu He. Tariff Reductions: U.S. tariffs on Chinese goods dropped from 145% to 30%. Chinese tariffs on U.S. goods dropped from 125% to 10%. A 90-day pause on certain tariffs was agreed upon. Economic Impact:The announcement positively affected financial markets, with rising stock futures and a strengthening U.S. dollar. Strategic Goals: Addressing the $1.2 trillion U.S…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.