Your Pulse On America: Live And Unfiltered
After weeks of bluster and escalation, President Trump blinked. Then he blinked again. And again. He backed off his threat to fire the Federal Reserve chairman. His Treasury secretary, acutely aware that the S&P 500 was down 10 percent since Mr. Trump was inaugurated, signaled he was looking for an offramp to avoid an intensifying…
US Treasury Secretary Scott Bessent speaks during the Institute of International Finance (IIF) Global Outlook Forum in Washington, DC on April 23, 2025. Jim Watson | Afp | Getty Images Treasury Secretary Scott Bessent on Wednesday said “there is an opportunity for a big deal here” on trade issues between the United States and China….
China has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods. Bloomberg | Bloomberg | Getty Images Boeing could hand over some of its aircraft that were destined…
The U.S. tariff rate on Chinese goods now stands at 145%, according to The White House. Spencer Platt | Getty Images News | Getty Images While recent news of United States President Donald Trump’s on-again off-again tariffs has led to wild swings in markets and shaken businesses globally, companies that rely on open trade between…
People are shopping at a CHAGEE store in Shanghai, China, on October 18, 2023. Costfoto | Nurphoto | Getty Images Shares of Chinese tea chain Chagee soared 30% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between Washington and Beijing. The stock, which is trading on…
Share prices of big technology companies declined in Asia on Wednesday, dragging broader markets lower, after Nvidia, the American chip giant, revealed that the U.S. government would restrict sales of some of its chips to China. They are the first major limits that President Trump’s administration has put on semiconductor sales abroad. Nvidia dominates the…
President Trump’s tariffs have been good for China’s economic growth. At least they were over the first three months of the year, as the country’s factories raced to ship exports ahead of the trade restrictions. China’s National Bureau of Statistics reported on Wednesday that the country’s gross domestic product grew 1.2 percent from the last…
President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients threaten…
U.S. President Donald Trump‘s moves to take China to task on trade are likely to backfire as his sweeping global tariffs hit allies as well as rivals, according to former national security advisor John Bolton. “This is certainly not the way you treat your friends. You don’t slap them in the face publicly and say,…
Even when India was staring down the barrel of a 27 percent tariff on most of its exports to the United States, business executives and government officials saw an upside. India’s biggest economic rival, China, and its smaller competitors like Vietnam were facing even worse. India has been pushing hard in recent years to become…