The move in crypto is largely because of macroeconomic news, rather than anything about crypto itself. Bitcoin ( BTC 2.79%) is up 2.9% since the stock market closed yesterday, Ethereum ( ETH 5.77%) is …
Tagged By business
Trump backpedals on China tariffs, Bitcoin soars
Bitcoin continued its recovery and topped the $94,000 mark as President Donald Trump softened his stand on China tariffs and the Fed chair.
Trump considers cutting China tariffs by 65%, says he never wanted to fire Fed’s Powell
President Donald Trump is now weighing a huge cut to the trade penalties he dropped on Chinese imports, with new tariff levels possibly falling by more than half.
On TikTok, Chinese manufacturers open a new line in trade war with US
Chinese manufacturers are leveraging TikTok and other social media platforms to directly appeal US consumers, offering luxury goods at significantly reduced prices. These factories claim to produce …
Luxury brands cut price of exclusivity as Chinese spending drops
ON A recent spring afternoon, models paraded Louis Vuitton’s latest collection inside the French brand’s Beijing flagship store, to the clink of champagne flutes and polite applause from a select …
China Refuses to Do Business With Major U.S. Company Amid Tariffs
Tensions between the United States and China have been high in recent weeks as a result of a trade war between the two countries. And it sounds like one major U.S. company has been impacted.…
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 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.
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, …
Boeing CEO says trade uncertainty, China tensions not expected to affect aerospace giant’s rebound
Boeing CEO Kelly Ortberg says the aerospace giant will look to protect its turnaround efforts amid the ongoing trade tensions between the U.S. and trading partners like China.
Elon Musk says China wants assurances that magnets for Tesla’s humanoid robot won’t be used for ‘military purposes’
Elon Musk said China wants assurances that the rare-earth magnets needed to build Optimus will not be used for “military purposes.”
