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 […]
China Condemns Pahalgam Attack That Killed 26, Offers “Sincere Sympathies”
China strongly condemned the attack. Beijing: Beijing’s foreign ministry offered “honest sympathy” on Wednesday following attacks on tourists in Jammu and Kashmir who killed dozens of people. “We mourn the victims and spread honest sympathy to the victims’ families and the injured,” said Guo Zi-Kung, a spokesman for the Ministry of Foreign Affairs, who added […]
CNBC's The China Connection newsletter: U.S. regulatory scrutiny fans Chinese stock delisting fears – CNBC
The monitor will display Alibaba Group Holding Ltd. Signage on the floor of the New York Stock Exchange (NYSE) in New York, USA on Wednesday, January 30, 2019. Bloomberg | Bloomberg | Getty Images This report comes from this week’s edition of CNBC’s The China Connection Newsletter and brings insights and analysis into what drives […]
Trump Signals Step Back On China Tariffs, Says They’ll ‘Come Down Substantially’
President Donald Trump signaled the US to ease Chinese tariffs from his oval office Tuesday evening, saying that “a big fall” would not be completely eliminated. On April 2nd, Trump announced mutual tariffs in several countries. When asked about tariffs on foreign countries on Tuesday, Trump announced higher rates in countries like China due to […]
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 […]