Speaking at a White House press briefing on Tuesday, Trump said the tariff rate, which has reached as high as 145 per cent, is “very high and it won’t be that high.” …
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China’s fast-growing EV makers pursuing varied routes to global expansion
The world’s auto industry is getting a shake-up from Chinese automakers that are quickly expanding across the globe, offering relatively affordable electric vehicles designed to wow car buyers with …
Bessent Says U.S. Wants to Help China Pivot Away From Exports
The U.S. wants to help China pivot away from an economic model focused on exports instead of consumption, Treasury Secretary Scott Bessent said Wednesday. “China’s current economic model is built on …
Trump says he won’t play ‘hardball’ with China or mention COVID — after Bessent calls tariff standoff unsustainable
Scott Bessent’s reported comments caused shares to briefly spike on Wall Street, with investors watching closely for any signs of a thaw in the stalemate between the world’s two largest economies.
Dow surges over 400 points amid new Trump statements on China tariffs
Stocks surged for a second day as President Trump appeared to soften his stance over tariffs on imports from China. The President said he will strike a ‘fair deal’ with China. NBC News’ Peter Alexander…
Trump may slash China tariffs by 50%, report says
The Trump administration is mulling steep tariff cuts on China imports, signaling a de-escalation in the trade war. Trump’s reversal lifts investor sentiment.
White House eases tone on tariffs on China but won’t be cutting them soon, it says
Treasury Secretary Scott Bessent said President Trump will not reduce tariffs on China without an agreement by both governments to de-escalate their trade conflict.
Pittsburgh economist explains why Shein and Temu are raising prices due to Trump’s tariffs on China
The Trump administration’s tariffs mean items shipped from China will soon cost consumers much more, experts say.
U.S. Army soldier gets 7 years in jail for selling American military secrets to China
Ex-U.S. Army intelligence officer Korbein Schultz will spend the next 7 years in jail for allegedly selling American military secrets to Chinese officials and trying to recruit others.
Trump Dials Down Heat on China, Powell After Market Turmoil
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, senior editor Joe Sobczyk looks at the president’s shift in tone on China and the Federal Reserve.
Trump administration live updates: Trump signs executive orders focused on education; China says U.S. must stop ‘blackmailing’ on tariffs
Secretary of State Marco Rubio and White House envoy Steve Witkoff will not attend high-level meetings in London aimed at bringing a pause to the war in Ukraine.
Trump to Exempt Car Parts From Tariffs on China Imports, FT Says
The Trump administration is considering reducing tariffs on auto parts ahead of a May 3 deadline that has drawn the ire of global carmakers, according to the Financial Times.The proposal would exempt …
Imax CEO ‘Highly Confident’ That China’s Plan to Reduce US Film Releases Won’t Affect His Company
In Imax’s latest quarterly earnings call to investors, CEO Rich Gelfond fielded questions about the potential impact of China’s plan to reduce U.S. film releases in response to Donald Trump’s tariffs, …
