US and China agree to cut tariffs for 90 days
What happened. On 12 May 2025, after talks in Geneva, the US and China agreed to reduce tariffs sharply for 90 days, with US duties on Chinese goods falling from 145% to 30% and Chinese duti…
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Global Market
US announces reciprocal tariffs and then pauses most of them for 90 days
What happened. On 2 April 2025 the US announced reciprocal tariffs on most trading partners, triggering a steep fall in global equities; on 9 April most of the higher country-specific rates…
Read moreGermany approves a major infrastructure and defence spending package
What happened. On 18 March 2025 the Bundestag approved changes to Germany's constitutional debt brake and created a Euro 500 billion infrastructure fund, allowing defence spending above 1% o…
Read moreUS announces tariffs on Canada, Mexico and China
What happened. On 1 February 2025 the US announced 25% tariffs on imports from Canada and Mexico and 10% on China; the Canada and Mexico measures were paused for 30 days, while the China tar…
Read moreDeepSeek model triggers a sharp sell-off in AI-linked shares
What happened. On 27 January 2025 shares of US technology and chipmaker companies fell after Chinese start-up DeepSeek released an AI model reported to be developed at much lower cost; Nvidi…
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