• Wed. Oct 29th, 2025

Prophet Forecast

Economics Forecast

Is a US-China trade war truce imminent? 5 things to know

May 12, 2025

Top U.S. economic officials are set to meet Chinese counterparts in Switzerland to discuss the tariff war that has roiled global markets, tanked consumer confidence and sharply reduced shipments of goods between the superpowers.

This marks the countries’ first known high-level exchange since U.S. President Donald Trump started raising tariffs on China in February.