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,…
What to know about U.S., Iran’s talks to deescalate nuclear tensions – CBS News Watch CBS News Saturday, the words “constructive” and “positive” were used to describe talks aimed at defusing nuclear tensions between the U.S. and Iran. Leigh Kiniry has the latest on the negotiations. Be the first to know Get browser notifications for…
European Union welcomes Trump tariff reprieve: von der Leyen European Commission President Ursula von der Leyen looks on as she meets with Iceland’s Prime Minister Kristrun Frostadottir (not pictured), in Brussels, Belgium, on April 9, 2025. Yves Herman | Reuters European Commission President Ursula von der Leyen welcomed Trump’s decision to pause “reciprocal” tariffs against…
04 March 2025, China, Peking: Lin Jian, a spokesman for the Chinese Foreign Ministry, answers questions from journalists. Johannes Neudecker | Picture Alliance | Getty Images China’s foreign ministry reiterated Wednesday that Beijing will take “resolute and forceful” measures to protect its own interests, after net total tariffs of 104% on Chinese imports into the…
A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | Reuters Trump tariffs have officially kicked in — and they include a ghastly 104% duty on Chinese imports. Despite growing consternation and…
Shipping containers at the Yantian International Container Terminals, operated by CK Hutchison Holdings Ltd.’s Hutchison Port Holdings Trust (HPH Trust), in Shenzhen, China, on Monday, April 7, 2025. Bloomberg | Bloomberg | Getty Images This report is from the inaugural edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s…
Hassett: Trump fielding ‘massive number’ of requests to negotiate tariffs National Economic Council Director Kevin Hassett speaks to members of the media outside of the West Wing of the White House, in Washington, D.C., U.S., March 19, 2025. Kent Nishimura | Reuters National Economic Council director Kevin Hassett says that the Trump administration is “managing…
European markets moved higher at the open on Tuesday, reversing course from a four-day losing streak fuelled by red-hot global tariff tensions. The regional Stoxx 600 index was around 1.4% higher by 9 a.m. in London, with almost every sector and all major bourses in positive territory. The index ended Monday’s session around 4.5% lower,…
Boats in the harbor of Mui Ne, Vietnam, on March 8, 2023. Alexandra Schuler | Picture Alliance | Getty Images Vietnam has long been viewed as a successful example of embracing external trade, luring some of the largest companies in the world to establish hubs to manufacture everything from footwear to electronic products that grace…
President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden on April 2, 2025. Saul Loeb | Afp | Getty Images President Donald Trump has cited a host of reasons to impose steep new tariffs on U.S. trading partners. Some of the justifications are…