US Treasury Secretary Scott Bessent said Tuesday that the trade war between China and the US is unsustainable and that he expects the situation to de-escalate, according to people familiar with his …
FINANCE
Trump tariffs live updates: Bessent hints at deescalation with China as US, India progress on trade deal
Wall Street eyed signs of progress on key trade fronts Tuesday, as Treasury Secretary Scott Bessent hinted at deescalation with China and the US and India hailed headway on talks. Bessent called the …
US Treasury Secretary says situation with China is unsustainable, source says
U.S. Treasury Secretary Scott Bessent on Tuesday said that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate, a source familiar said.
China rolls out plan to promote its own payment system as US trade war simmers
The country aims to reduce its reliance on the dollar-based global financial system as it confronts Washington’s aggressive trade policies.
Foreign lenders upbeat on China finance market
CHINA’S financial markets are attracting international investors amid growing global economic uncertainty, with multiple foreign financial institutions including Neuberger Berman and DBS Bank …
China’s Rare Earth Export Halt Raises Trade War Tensions
China’s recent suspension of rare earth mineral exports is escalating trade tensions with the United States, threatening global supply chains and prompting considerations of alternative sourcing …
Trump’s Top Economic Advisor Sees ‘De-Escalation’ Of ‘Unsustainable’ China Trade War
Key Takeaways Treasury Secretary Scott Bessent said the U.S.-China tariff war is “unsustainable” and will likely “de-escalate.”Bessent’s comments fueled a stock market rally due to the prospect of a …
White House: Trump ‘setting the stage for a deal with China’
The White House said Tuesday that it was “setting the stage for a deal with China” on trade as administration officials seek to reassure nervous financial markets and investors that progress with …
HSBC China’s top wealth banker reassigned, Asia wealth head relocates to Shanghai
HSBC’s top wealth manager overseeing China will leave the role soon in an Asian leadership reshuffle, as the lender also cuts hundreds of jobs from its digital wealth project in China.
China’s rare earth curbs threaten global auto supply chains
China’s expanded export controls on critical rare earth elements have raised alarms across the global automotive and defence industries, with European and Japanese manufacturers warning that supply …
Beijing slams ‘appeasement’ of US in trade deals that hurt China
Appeasement will not bring peace, and compromise will not be respected, a Chinese govt spokesperson said. Read more at straitstimes.com. Read more at straitstimes.com.
‘For our country’: China’s patriots are buying the dip
Cao Mingjie had never traded stocks before Donald Trump’s “Liberation Day”. The home designer from China’s southern Guangdong province changed his mind after April 2, when the U.S. president announced …
China warns countries against striking trade deals with US at its expense
Ukraine imposed sanctions on three Chinese companies on Friday claiming they were involved in production of advanced Iskander missiles, a day after President Volodymyr Zelenskiy alleged that China had …
