Stocks close with gains as White House signals trade progress with China
The US stock market was shut down with solid profits as traders thought that President Trump’s trade war with China could cool off. The market rose in the morning, but actually gained momentum Tuesday afternoon after several media outlets revealed comments from Treasury Secretary Scott Bescent. “I don’t think the current situation is sustainable,” Bessent […]
Trump Promises Major Reduction of China Tariff from 145 Percent!
President Trump indicated that a significant reduction in the tariff rate imposed on China is expected following discussions with Chinese President Xi Jinping on Tuesday, expressing hope regarding the trade agreement. “145% is extremely high. It’s not as high as that…it’s not as high,” Trump remarked to journalists in the Oval Office. “It will be […]
Bessent believes China impasse over tariffs will be de-escalated
The Big Money Show panel examines the impact of tariffs on China amid trade uncertainty. Treasury Secretary Scott Bessent said at Investor Summit on Tuesday that Fox Business has learned that the US and China are expected to rule out a deadlock on tariffs as it is unsustainable for both countries. Bessent said negotiations have […]
Trump Treasury secretary says China tariff stand-off not sustainable: report
Treasury Secretary Scott Bescent said Tuesday that he believes the Trump administration’s ongoing tariff war will escalate quickly as the ongoing rift is not sustainable. Bescent, 62, spoke at JPMorgan’s closed investors summit in Washington. Bloomberg reportedcites several people who attended the event. The reported comments resulted in a temporary surge on Wall Street, with […]
Google Warns Breaking Up Its Monopoly Would Harm U.S. in ‘Global Race with China’
The trial for a relief package to address Google’s search monopoly verdict began Monday in Washington, D.C., claiming that the breakup proposed by the DOJ puts the United States at a disadvantage against global competition for technical advantage, particularly China. CNBC Report As Google faces the outcome of its August ruling, the Tech giant is […]
China Sanctions Members of Congress, Without Naming Them, for Human Rights Support
China’s Foreign Ministry announced Monday sanctions against several American officials, including members of Congress who are allegedly “inadequately performed” on issues related to Hong Kong. The sanctions were clearly in President Donald Trump’s tariffs and retaliation against the sanctions brought on by the US against Chinese and Hong Kong officials for participating in “cross-border crackdowns.” […]
Brit Hume Says US Has Something ‘In Our Favor’ To Outlast China In Trade Fight
Britthume appeared on Fox News on Monday, saying the US has important advantages in escalating trade standoffs with China. China defendant The US warned that tariff abuse and that it would retaliate against countries that engage in trade deals with Washington, DC at Beijing’s expense. When featured in the “Special Report with Brett Bayer,” Hume […]
Mom-and-pop business face highest risk of shortages from Trump trade war with China — with possibility of empty shelves by summer
Shoppers can start to see store shelves thinning by summer due to imports shipped from China. Mama and Pop companies are at the highest risk of shortages, industry experts told Post. After President Trump returned to the White House, US businesses began reducing or canceling orders as they strengthened the trade war with Beijing. According […]
China Threatens Countries Not to Cut Deals with Trump: ‘Compromise Cannot Be Respected’
China’s Commerce Ministry warned countries around the world that “milling cannot bring peace, and compromise cannot be respected.” The Commerce Department’s statement was published in response to a journalist seeking comment on changes to President Donald Trump’s economic policy. This has announced mutual tariffs in almost every country that trades with the United States, including […]
China warns countries against striking trade deals with US
China’s Michael Pillsbury Senior Fellow of China’s Heritage Foundation has warned that other countries will be doing business with the United States, escalating trade moves and visiting Iran’s foreign minister. China threatened to take measures against any country that attacked it. Trade Transactions The US costs at Beijing. China’s Ministry of Commerce It issued a […]