The Trump administration is considering slashing tariffs in weekend talks with China to ease tensions and alleviate the economic pain that both sides have begun to feel. The negotiations are scheduled to take place in Geneva on Saturday, with US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng presiding over the talks. According […]
According to informed sources, the Trump administration plans to revoke the AI chip restrictions imposed during the Biden era. This is part of a broader effort to modify semiconductor trade restrictions, which have drawn strong opposition from major tech companies and foreign governments. The repeal bill has not been finalized yet and aims to reshape […]
The two governments announced the visit on Tuesday. This will be the first confirmed trade negotiation between the two countries since US President Donald Trump announced punitive tariffs of up to 145% on China (Beijing responded with retaliatory tariffs of up to 125%). Bessen told Fox News that the current tariff rates are unsustainable and […]
The Liberal Party of Canada won the general election for the fourth consecutive time. Mark Carney, the former governor of the Bank of Canada, who promised to boost economic growth and confront US President Donald Trump in the trade war during the election campaign, was eventually appointed. As of 10:14 p.m. Ottawa time, Liberal Party […]
The “sell US Treasuries” trade that has swept through the market this month could deal a lasting blow to investors’ willingness to hold the longest-dated bonds of the US government, a mainstay of financing the US deficit. For bond managers at BlackRock, Brandywine Global Investment Management and Vanguard, the problem is that as President Donald […]
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 […]