President Donald Trump recently announced a tentative trade deal with China, touting it as a significant breakthrough. However, a deeper analysis reveals that this pact merely resets the status quo, maintaining historically high tariff rates against Beijing.

Washington: US President Donald Trump has signed an executive order implementing the US-Japan trade agreement, the White House said. "Under the Agreement, the US will apply a baseline 15 per cent tariff on nearly all Japanese imports entering the US,