Jason Douglas

2 days ago | wsj.com | Jason Douglas |Caitlin McCabe

Washington and Beijing agreed to temporarily slash tariffs on each other’s products, a major de-escalation in a trade war that has been simmering for weeks. Here’s what you need to know about the deal. What has the U.S. agreed to do? The U.S. will lower tariffs of 145% on Chinese goods, imposed since President Trump took office, to 30%. Within that framework, Washington will cut its 125% “reciprocal” tariff on Chinese goods to 10%. A 20% tariff tied to the fentanyl crisis will remain.

1 week ago | wsj.com | Rebecca Feng |Jason Douglas

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1 week ago | wsj.com | Megumi Fujikawa |Jason Douglas

Tokyo will act in response to any surge in Chinese imports if U.S. tariffs push unsold goods onto global markets, Japan's finance minister said. “China’s production capacity is considerably in excess of domestic demand,” Katsunobu Kato said. “That is going to get exported and to some extent they’re not going to care what price they get.” Read more from our interview:

1 week ago | wsj.com | Megumi Fujikawa |Jason Douglas

In an interview, Katsunobu Kato says currency isn’t under discussion in trade talks with U.S.TOKYO—Japan will act in response to any surge in Chinese imports if U.S. tariffs push unsold Chinese goods onto global markets, the country’s finance minister said, a sign of concern about the knock-on effects of President Trump’s trade war.

2 weeks ago | wsj.com | Brian Spegele |Jason Douglas

Chinese officials call for full repeal of levies and dismiss suggestions that trade talks with Washington have begunBEIJING—President Trump’s apparent softening on tariffs against China in recent days has buoyed markets and raised hopes for a detente between the world’s two largest economies. For Chinese leaders, it only strengthens their resolve that Trump will eventually cave if they wait him out. After weeks of spiraling hostilities, Trump now says he is willing to cut tariffs on Chinese goods.