Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet for another round of US-China talks. Both sides are searching for a way forward on a TikTok ban and a November tariff deadline. The meeting in Madrid will cover “trade issues of mutual interest,” including the fate of TikTok in the…
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Here are two statements that, on the surface, may appear contradictory: The U.S. labor market is weakening, with the number of jobs in June actually decreasing. The U.S. stock market is hitting all-time highs, with the Nasdaq Composite being the latest index…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Help wanted Last week’s salvo of job market data was weaker-than-expected across the board. While that raised some investors’ hopes for a forthcoming interest rate cut from…
There is a major divide in the American heartland. US farm states are facing a drop in exports of key commodities as Beijing turns to alternative suppliers, primarily in Brazil, as a result of Donald Trump’s trade war. Some farmers, however, want to give the US president the benefit of the doubt that his go-slow…
Containers are loaded and unloaded from cargo ships at Port Jersey Container Terminal in New Jersey, U.S., May 1, 2025. Anadolu | Anadolu | Getty Images President Donald Trump‘s trade war suffered a big setback with many of his administration’s tariffs ruled illegal by a federal appeals court last Friday. Billions of dollars in trade…
The U.S. Supreme Court is likely due to make a final decision on President Donald Trump‘s sweeping tariffs after a U.S. appeals court ruled on Friday that they were illegal. Treasury Secretary Scott Bessent told Reuters on Monday he was confident the Court would uphold the administration’s tariffs but added that the White House has…
Scott Bessent, US treasury secretary, in the Oval Office of the White House in Washington, DC, US, on Wednesday, Aug. 6, 2025. Bonnie Cash | Bloomberg | Getty Images Even if the U.S. Supreme Court agrees with a federal appeals court’s ruling that most of President Donald Trump’s tariffs are illegal, it doesn’t mean the…
US National Economic Council Director Kevin Hassett warned that the president will not soften his stance if India refuses concessions, as US tariffs on Indian imports doubled to 50 per cent amid strained ties. “If the Indians don’t budge, I don’t think President Trump will,” said top Trump adviser Hassett on Wednesday, pointing at the…
TOKYO (Reuters) -The United States will make an announcement this week on Japan’s $550 billion investment in the U.S., Commerce Secretary Howard Lutnick said, as a top Japanese trade envoy is reportedly planning to visit Washington to formalise the deal. “The Japanese agreement, which we’re going to announce later this week, that’s $550 billion at…
Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable…