CFTC commissioner departing the agency to lead a cryptocurrency trade organization
Summer Mersinger, a commissioner with the Commodity Futures Trading Commission (CFTC), has announced her departure from the agency to become the CEO of the Blockchain Association. Having spent three years at the CFTC, Mersinger will replace Kristin Smith, who is transitioning to lead a new nonprofit focused on cryptocurrency. “We’re genuinely excited to have Commissioner […]
China warns UK about conditions of US trade agreement
China has accused the UK of collaborating with the US in a way that enables British companies to sideline Chinese products from their supply chains. The Chinese government has warned the UK about the implications of a recent trade agreement with the US. Last week, the UK-US trade deal was signed, offering some relief from […]
Trump’s trade conflict with China has completely backfired.
This week, Chinese chat groups and microblogging platforms like Weibo and QQ were buzzing, but not with memes or influencer videos. Instead, the conversation revolved around President Trump’s unexpected announcement regarding trade with China. After significantly increasing tariffs to 145 percent and nearly freezing trade, Trump revealed on Monday that he was lowering them to […]
Soybean exports from the US could drop by 20% if a trade agreement with China isn’t reached, AgResource warns.
If unresolved, trade disputes between the US and China could lead to a significant 20% reduction in US soybean exports and a sharp decline in prices for farmers, according to insights from agribusiness consultant Agrace on Wednesday. A recent temporary pause in the US-China trade conflict, announced on Monday, may temporarily boost soybean sales in […]
China disapproves of the US-UK trade agreement, emphasizing that not targeting others is a ‘fundamental principle’.
President Donald Trump has announced a temporary halt on tariffs involving China for 90 days as both nations work towards a final agreement. China has expressed discontent with the recent US-UK trade deal, which it claims could exclude Chinese goods from the UK’s supply network. This agreement, established last week between the US and the […]
Gold Falls as Traders Reevaluate Demand for Safe Investments Following Trade Agreement
Gold Prices Experience Fluctuations Amid Economic Uncertainty Gold prices faced downward pressure for the second time in three days as traders reacted to US inflation figures that came in below expectations for April, alongside easing tensions in trade with China. Initially, bullion dropped by 0.9% before recovering some of those losses. Reports indicated that discussions […]
China criticizes UK-US trade agreement; Aviva’s £3.7 billion purchase of Direct Line faces competition investigation – business live
Good morning, and welcome to our ongoing coverage of business, financial markets, and the global economy. Reports suggest that China is taking aim at the recent trade agreement between the UK and US, which may effectively push Chinese products out of British supply chains. This trade deal, announced last Thursday, is the first one finalized […]
China and the US Cut Significant Tariffs on Each Other, but Is the Trade Conflict Resolved?
US-China Trade Tensions Ease Temporarily Washington and Beijing agreed to pause their intense trade conflicts on Wednesday after several days of negotiations. This suspension comes amidst a trade war that has significantly impacted global markets and supply chains. During talks in Geneva, the US agreed to reduce tariffs on Chinese goods to 30%, while China […]
Dollar stabilizes as trade discussions take shape following a drop from softer US inflation.
US Dollar Remains Stable Amid Inflation Data TOKYO – The US dollar showed signs of stability on Wednesday, following a notable decline that was its steepest in over three weeks. This drop came after consumer inflation data in the US surprised analysts, suggesting that there might be some easing by the Federal Reserve, which could […]
Trump describes the ‘most thrilling aspect’ of the China trade deal.
Following the completion of the first 100 days of his second term, President Donald Trump continues to push forward, highlighting several historic achievements, including a trade truce with China. “I’m busy, but we’re enjoying things because we’re getting things done,” Trump shared during an exclusive interview with Fox News host Sean Hannity while en route […]