"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.