China Denies Tariff Talks After Trump Signals Softening
President Donald Trump during an executive order signing in the Oval Office on April 23.
Photographer: Samuel Corum/Sipa
Good morning. China says it’s all or nothing when it comes to US tariffs. A big name warns the best is over for America’s stock market. And Harvard tries to speed up its fightback. Listen to the day’s top stories.
All or nothing. China demanded the US revoke all unilateral tariffs and said the two sides aren’t even talking, taking a hard line after Donald Trump said overnight that a new, reduced, tariff rate may come in the next two to three weeks. Trump’s also said to be considering whether to reduce certain levies targeting the auto industry. His softer stance comes after fresh warnings from markets, business leaders and top advisers.