China tariff fight will de-escalate

China tariff fight will de-escalate

Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump‘s trade war with China in the “very near future,” a person in the room told CNBC. “The next steps with China are, no one thinks the current status quo is sustainable” with tariff…

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Trump’s approval rating on economy at lowest of presidential career

Trump’s approval rating on economy at lowest of presidential career

President Donald Trump is registering the worst economic approval numbers of his presidential career amid broad discontent over his handling of tariffs, inflation and government spending, according to the latest CNBC All-America Economic Survey. The survey found that the boost in economic optimism that accompanied Trump’s reelection has disappeared, with more Americans now believing the…

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Nissan aims to ‘max out’ U.S. production plant amid Trump’s tariffs

Nissan aims to ‘max out’ U.S. production plant amid Trump’s tariffs

FILE PHOTO: The American flag flutters at a Nissan automobile dealership in Irvine, California, U.S., March 27, 2025.  Mike Blake | Reuters Nissan Motor’s new Americas leader said the automaker is aiming to “max out” production at its largest American production plant amid President Donald Trump’s 25% auto tariffs. Christian Meunier, who started as chairman…

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Powell indicates tariffs could pose a two-pronged policy challenge for the Fed

Powell indicates tariffs could pose a two-pronged policy challenge for the Fed

Federal Reserve Chair Jerome Powell expressed concern in a speech Wednesday that the central bank could find itself in a dilemma between controlling inflation and supporting economic growth. With uncertainty elevated over what impact President Donald Trump’s tariffs will have, the central bank leader said that while he expects higher inflation and lower growth, it’s…

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