WASHINGTON (Reuters) -The economic impact of the U.S. government shutdown is far worse than expected, but the U.S. economy is likely to rebound quickly once it ends, White House economic adviser Kevin Hassett said on Friday. Construction projects are starting to slow down and travel is suffering, Hassett said in an interview with Fox Business…
By Doina Chiacu and Alexandra Alper (Reuters) -The U.S. will suspend for one year a new measure that vastly expanded the number of Chinese firms facing tough restrictions on access to U.S. technology, U.S. Treasury Secretary Scott Bessent said on Thursday. The move, agreed as part of President Donald Trump and Chinese leader Xi Jinping’s…
In a turnaround from the tough stance he took a week ago, US President Donald Trump said Friday that he planned to meet with Chinese President Xi Jinping in South Korea in two weeks and suggested that imposing an additional 100 per cent tariff on all Chinese goods appeared unworkable. But he also blamed China…
WASHINGTON (Reuters) -Increasing revenues flowing into U.S. government coffers from tariffs would make it difficult for the Supreme Court to rule against the Trump administration on the issue if a lower court case makes its way to country’s top court, U.S. Treasury Secretary Scott Bessent said on Tuesday. “The more money coming in, it gets…