According to three people familiar with the matter, Russian President Vladimir Putin insists that as part of an agreement to end the war, Russia must control four regions in Ukraine that it has not yet fully occupied. This requirement dealt a blow to US President Donald Trump’s efforts to achieve a ceasefire and a permanent […]
Facing new warnings from financial markets, business leaders and senior advisers, President Donald Trump this week eased up on two of his frequent targets: Jerome Powell and China. When Trump took office, he was determined to reshape the global economy. But in the face of turmoil in the stock and bond markets, as well as […]
US President Donald Trump said that although he was frustrated with the Federal Reserve for not lowering interest rates more quickly, he had no intention of firing Federal Reserve Chair Jerome Powell. “Never,” Trump told reporters on Tuesday. “The media is always reporting nonsense. No, I have no intention of firing him. I hope to […]
The United States will hold talks with Ukraine and European officials in London on Wednesday as US President Donald Trump pushes for an agreement to prevent a full-scale Russian invasion. According to informed sources, US Secretary of State Marco Rubio and Trump envoys Steve Vitkov and Keith Kellogg are expected to meet with the foreign […]
Three weeks after US President Donald Trump effectively declared a trade war on the world, new economic forecasts and surveys will point to its initial impact. The International Monetary Fund, a few blocks from the White House, lowered its economic growth forecast in its latest projections released on Tuesday. The following day, purchasing managers’ indices […]
US President Donald Trump said negotiators had made “major progress” in talks with Japanese officials as they seek to reach a deal to avoid the higher tariffs he has threatened to impose on US trading partners. Trump posted on his social media website after the meeting on Wednesday: “It was a great honor to meet […]
Data released by China’s National Bureau of Statistics on Wednesday showed that the country’s gross domestic product (GDP) grew by 5.4% year-on-year in the first quarter. This growth rate was higher than the 5.2% consensus forecast of economists surveyed by Bloomberg. In March, industrial added value rose by 7.7% year-on-year, the fastest growth since June […]
President Donald Trump’s administration has advanced plans to impose tariffs on imports of semiconductors and medicines by launching a trade investigation led by the Commerce Department. These measures were announced in the Federal Register on Monday and are a prelude to the imposition of tariffs and could expand the president’s all-out trade war with the […]
The US dollar rebounded slightly from its recent slump after the United States suspended tariffs on popular consumer electronics, but the recovery was curbed as President Donald Trump played down the exemption for the technology sector. On Monday morning, the US dollar rose by as much as 1% against the Swiss franc and more than […]
After the White House clarified that the US tariffs on China would not rise to 145%, US President Donald Trump said that his tariffs might cause “transition problems”, but he was confident in his plan. Trump said at a cabinet meeting on Thursday: “There will be costs and some problems during the transition period, but […]