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Epoch Times
13-05-2025
- Business
- Epoch Times
US, China Face Tough Negotiations After Trade Truce: Analysts
The agreement reached by the United States and China has effectively paused the trade fight between the world's two largest economies, but analysts say it does little to resolve their underlying differences. Following a two-day negotiation marathon in Geneva, the United States and China released a joint statement on May 12, rolling back the massive tariffs they've slapped on each other recently. Washington will lower tariffs on Chinese imports to 30 percent from 145 percent, and Beijing will reduce tariffs to 10 percent from 125 percent. This agreement is temporary, lasting 90 days, and provides time for trade officials from both countries to negotiate further. The pause will take effect on U.S. stocks, the dollar, and oil prices all Analysts offered a more tempered response, suggesting that tough negotiations lie ahead after the temporary trade cease-fire. Related Stories 4/3/2025 5/13/2025 'The negotiation will enter the deep water,' Edward Huang, a Taiwan-based commentator who tracks China's economy, told the Chinese edition of The Epoch Times on May 12. China would expect the United States to eliminate all reciprocal tariffs, but for the United States, such a tariff cut is likely to require a substantial plan from Beijing, which may include opening up its market, buying more American goods, or making other commitments, Huang said. The 30 percent tariff that the Trump administration is now imposing on Chinese goods includes a 20 percent levy previously imposed to pressure Beijing into reducing the flow of fentanyl into the United States. Another 10 percent levy is the China's state media also suggested that challenges lie ahead in negotiating a comprehensive trade deal. 'Structural problems and deep-rooted differences between China and the United States still exist. These issues cannot be solved in one step,' Xinhua said in a commentary published shortly after announcing the tariff cut. 'We should have realistic expectations for the talks, as well as for the future of economic and trade relations between China and the United States.' Moreover, some China observers pointed to the skepticism toward communist China in the United States due to Beijing's history of promising change but failing to deliver. 'The U.S.–China talks have reached a period of stalemate, as the United States no longer trusts China's promises,' Wang Guo-chen, an expert at the Chung-Hua Institution for Economic Research, a Taipei-based think tank, told The Epoch Times. He pointed to the Chinese regime's lack of progress in carrying out its commitments outlined in the 2020 trade deal signed with the first Trump administration. From protecting American intellectual property rights to increasing The deal, known as the Phase One It followed a 2018 The USTR said in its latest annual Luo Ya contributed to this report.
Forbes
25-03-2025
- Business
- Forbes
10 Fastest Growing Side Hustles Across The U.S. And Canada In 2025
Side hustles are gaining momentum in 2025, bringing new opportunities for extra income amid the ... More economic downturn, and here are the fastest growing side hustles across the U.S. As prices soar and the new administration continues making cuts, the economy is tightening, and technological advances are causing massive layoffs. With uncertainty looming, employees continue to grapple with high costs of living, leading the average consumer to take up side gigs to make ends meet. As Side hustles become one of the most lucrative ways to keep up with economic pressures, a new survey reveals the nation's fastest growing side hustles. Statistics show that 71% of Americans are searching for secondary income sources through side hustles or second jobs with another employer. analyzed Google search volume data from January 2022 to January 2025 to uncover the fastest growing side hustles across the U.S. They examined search trends for 170 side hustle–related keywords across all 50 states and the 25 most populated cities. Only keywords showing a consistent upward trend over the three-year period were considered. They also ranked the top trending side hustles in each state and city using a difference-from-the-mean calculation. The results show that American interest in AI-powered side hustles increased by 28% over the past year. The study also found that YouTube monetization ranked as the fastest-growing side hustle in six states, including New York, Illinois and Michigan. Here are the fastest-growing side hustles ranked by highest search growth from 2023 through 2024. 1. Mobile car wash service (276%) 2. Selling stock photos online (151%) 3. Crypto trading (122%) 4. Personal shopping service (100%) 5. Food delivery drive (87%) 6. Crypto trading strategies (84%) 7. Freelancing (80%) 8. Sustainable investing strategies (77%) 9. Selling digital products (75%) 1o. Online tutoring (54%) Over the past year, mobile car wash service (+276%) is the fastest-growing side hustle in America, followed by selling stock photos (+151%) and crypto trading (+122%). In the top three most populated U.S. cities, digital entrepreneurship dominates side hustle trends. YouTube monetization is surging in New York and Chicago, while crypto trading leads in Los Angeles. So, how do the experts interpret these data? Edward Huang, a career expert at points out that the trends reflect a shift toward convenience-driven services, where customers prefer professionals to come to them rather than visiting a traditional car wash. 'For entrepreneurs, mobile car washing presents a low-barrier, high-demand opportunity with flexible hours and minimal overhead costs," Huang explains. I spoke by email with Mark Slack, another career expert at who told me this study shows that side hustles are no longer a trend—they're becoming a core method in which people are building financial freedom and security. 'If you're working full-time but still just getting by, this is your cue to get into where real demand is picking up," Slack says. 'That massive surge in mobile car wash demand? It's not about washing cars—it's about convenience, low overhead and the freedom to run a business on your terms, out of your own space." He says in big cities, digital income is what he calls royalty. 'People are realizing you don't need to go viral to make real money from YouTube or selling pictures, templates or courses,' he continues. 'Those kinds of hustles can be hobby-level to start with and steady money-makers later on. Even a couple hundred dollars a month can change your finances, your decision-making and your sense of security.' Another research team at surveyed 2,500 millennials (ages 26-41) and discovered a growing trend of polyworking in which this generation juggles multiple jobs and side hustles to improve financial stability, following their personal passions. Here are key findings from the survey: According to experts, searches for side hustles are projected to increase by 441% over the next five years, many can be accessed from the comfort of your own home to earn extra income. Slack offers simple advice on how to take advantage of the fastest growing side hustles. "If you're an employee reading this, he advises, here's the play: "Identify something that's in your interest or skill set, block out a few hours a week and give it a solid try. If that's dog walking, reselling thrift store items or creating videos about what you already know—just start. You don't have to reinvent the wheel, just get on one that's already turning," he concludes.
