US officials to hold talks with Chinese counterparts in Switzerland during the trade conflict.
High-ranking officials from the Trump administration are set to engage with a significant Chinese delegation in Switzerland this week. This marks the first substantial discussions between the two nations since President Trump initiated a trade war focused on import tariffs. Trump states that he won’t eliminate tariffs to encourage negotiations with China U.S. Treasury Secretary […]
Trump administration restores staff to World Trade Center Health Program after reductions.
The Department of Health and Human Services (HHS) under the Trump administration recently communicated to its staff regarding the reinstatement of roles related to the federal health program for 9/11 survivors. This follows a series of cutbacks designed to streamline government operations. In a mid-February announcement, the Centers for Disease Control and Prevention (CDC) was […]
Key Trump aides to discuss trade with Chinese officials in Switzerland
Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are set to meet with their Swiss and Chinese counterparts this week to talk about trade issues, especially in light of the ongoing tensions between the world’s two largest economies. Bessent is scheduled to travel to Switzerland on Thursday, where he will have discussions with […]
US stocks fall as Bessent states there are no trade discussions with China, Trump mentions the US isn’t obligated to sign agreements.
The U.S. stock market saw declines on Tuesday, following Treasury Secretary Scott Bescent’s confirmation that trade discussions with China have yet to commence. President Trump later remarked that the U.S. “doesn’t have to sign” a trade agreement. The Dow Jones industrial average dropped by 389 points, or 1%, while the S&P 500 and NASDAQ saw […]
Trade deficit grows in the first quarter
The US trade deficit expanded in the first quarter, largely influenced by President Trump’s tariffs impacting both the economy and international relationships. According to the US Census Bureau and the US Economic Analysis Bureau, the goods and services deficit reached $1,400.5 billion in March, marking an 8% rise from the previous month. This adjustment will […]
India and UK free trade agreement discussed in phone conversation between Narendra Modi and Keir Starmer news
New Delhi: On Tuesday, British Prime Minister Keir Starmer spoke with Indian Prime Minister Narendra Modi about finalizing the Free Trade Agreement (FTA). A nearly 50-second audio clip, shared by Hoshi on X, shows both leaders congratulating each other and agreeing that this trade deal would enhance their “strategic partnership.” This multi-billion pound trade agreement […]
Trade deficit reaches all-time high in March due to increase in imports
Scott Bescent, the U.S. Treasury Secretary, has inked a deal with Ukraine, while President Trump focuses on tax cuts and legislation aimed at clarifying trade tariffs with China. This comes in the wake of increasing concerns about the growing U.S. trade deficit, which reached unprecedented levels. According to the Commerce Department’s report released on Tuesday, […]
Furniture manufacturing in the US is under strain from international trade and tariff regulations.
Trade tensions are increasingly impacting American furniture manufacturers. While more than half of home furniture sold in the U.S. is domestically made, many companies still depend heavily on overseas partners, particularly in Asia. This dependence is causing significant stress, even for U.S.-based manufacturers with local production facilities. For instance, a North Carolina upholstery fabric supplier, […]
Bessent: The US has not started trade discussions with China yet
Treasury Secretary Scott Bescent informed lawmakers on Tuesday that the U.S. is not currently in trade negotiations with China, but he suggested that announcements regarding trade deals with other partners might be forthcoming soon. This statement follows comments from Trump last month, who suggested that discussions with China were occurring at various levels, although Chinese […]
As India and the UK secure a significant trade agreement, a review of the benefits and challenges.
New Delhi: India and the UK are finalizing a significant free trade agreement, marking the UK’s most substantial deal after Brexit. This is a momentous step for India, being its first trade deal with the UK outside of Asia and Australia. Trade discussions have been ongoing for years, particularly gaining urgency following former US President […]