Karoline Leavitt Says There Will Be ‘No Unilateral Reduction In Tariffs’ Against China
White House Press Secretary Caroline Levitt said on Wednesday that China “will not be unilaterally reduced tariffs” and that the country must negotiate with the US. President Donald Trump said Tuesday that the US will not be completely eliminated after placing substantial tariffs on the country over unfair trade practices, but it intends to “substantially” […]
Bessent says India will be first to make deal avoiding Trump tariffs — while China is ‘put to the side’
WASHINGTON – The Treasury Department of Scott Bescent said Wednesday it hopes India will attack the first bilateral trade agreement to avoid Trump’s “mutual” tariff lawsuit. Bescent told a roundtable of around 12 reporters that it was “very close” to reaching a successful conclusion of trade talks with India, as the world’s most populous country […]
US has ‘opportunity for a big deal’ with China: Bessent
Treasury Secretary Scott Bescent said Wednesday there is an opportunity to trade with China by softening the Trump administration’s trade stance that has led to huge market rallies over the past two days. “There’s a great opportunity here,” he said. Such transactions are based on an increase in domestic production in the US and a […]
Trump weighs slashing China tariffs to 50% to 65%: report
The White House is considering 145% tariffs on Chinese imports, or even half, in some cases, if they are more than half. President Trump’s massive tariffs on China – could raise the price of US goods and hinder the company’s revenue, but could be reduced from 50%, a senior White House official to 65% He […]
Bessent aims to de-escalate China trade war: ‘The current status quo is unsustainable’
Treasury Secretary Scott Bescent said the current state of the US trade war with China is “unsustainable” and informs support for de-expansion between the two countries. When asked whether China’s tariffs would collapse, Bescent told reporters during a media roundtable Wednesday that “both sides believe the current situation is unsustainable.” The US imposes a 145% […]
China stresses 'equality, respect' amid Trump optimism on trade deal
China on Wednesday emphasized that “equality, respect” is the most important factor in debates with the US, in optimism about President Trump reaching a new trade deal between the two biggest economies in the world. Guo Zi-Kung, a spokesman for China’s Foreign Ministry, said the intensification of the trade war between Beijing and Washington would […]
China Pressures South Korea to Limit Rare-Earth Product Exports to U.S.
South Korea’s leading financial newspaper reported on Tuesday that China’s Ministry of Commerce had sent a letter to South Korean companies threatening them from using Chinese rare earth minerals to export to the US military, according to an anonymous industry source. Korea has dramatically increased its profile as a manufacturer of defense technology, and is […]
Bessent: There’s an opportunity for a ‘big deal’ with China
EJ Antoni, senior fellow at Unleash Prosperity, will discuss trade negotiations with China at Varney & Co. Treasury Secretary Scott Bescent on Wednesday said “big things” with China could potentially lower tariffs if Beijing is willing to take steps to restore the economy. Bessent gave a keynote speech at the International Institute for Finance (IIF) […]
US stocks rise after Trump says he won’t fire Powell, signals lower China tariffs
US stocks extended profits Wednesday morning after President Trump retreated back to the fire threat of FRED Chairman Jerome Powell, informing him that trade deals were ongoing with lower tariff rates. The Dow Jones industrial average scored 757 points (1.9%) after surged 1,016.57 points the day before, beating their four-day winning streak. The S&P 500 […]
Breaking News: Stocks Surge as Trump Proposes China Tariff Cuts; Rubio Absent from Ukraine Talks!
Stock markets rose early Wednesday after President Trump was reduced to tariffs of 145% on China. The market opened actively with the Dow Jones Industrial gaining over 700 points, while the S&P 500 and Nasdaq Composite also saw substantial gains, both increasing by approximately 2%. “145% is extremely high. It’s really not that high. It’s […]