"China is introducing measures to combat the economic impact of Trumpâs trade war by cutting interest rates and enhancing funding for innovation and services."
"The agreement to negotiate comes amid persistent tariffs from both sides, with the U.S. indicating a desire for talks while maintaining a firm stance."
In response to the economic pressures exacerbated by U.S. tariffs, China has announced various measures, including interest rate cuts and increased access to funding for innovation and elder care. The Chinese economy faces challenges stemming from both the trade war and a downturn in the property sector. As both nations prepare for negotiation talks in Geneva, there is a clear reluctance from each side to compromise on tariffs, posing significant hurdles to resolving the trade dispute.
Read at www.cbc.ca
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