WASHINGTON (AP) — U.S. and Chinese officials may be able to settle many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue: the U.S. demand that China stop purchasing oil from Iran and Russia. “China will always ensure its energy supply in ways that…
WASHINGTON – U.S. and Chinese officials may be able to settle many of their differences to reach a trade deal and avert punishing tariffs, but they remain far apart on one issue: the U.S. demand that China stop purchasing oil from Iran and Russia. “China will always ensure its energy supply in ways that serve…
US Treasury Secretary Scott Bessent said on Friday that meetings with his Chinese counterparts this week “advanced our talks”, but stopped short of confirming that US President Donald Trump approved the consensus that Beijing claimed they had reached. “This week’s negotiations in Stockholm have advanced our talks with China, and I believe that we have…
The US government sent mixed messages on Thursday on where the latest trade agreement with China, including a possible extension of the pause on tariff hikes, is headed. Asked by a reporter at the regular press briefing whether an extension of the current pause on import tariffs aimed at each others’ products “was on the…
US President Donald Trump said on Wednesday that talks with China on a tariff deal were “moving along well” and that the countries would reach a “fair” deal on trade, without offering additional details of the agreement. “We’re moving along with China. We’re doing fine with China,” Trump told reporters before leaving a bill-signing ceremony…
Share prices of listed companies in related businesses have appreciated very significantly in both the US and Hong Kong. The trend appears unstoppable. US Treasury Secretary Scott Bessent expects the stablecoin market alone to grow tenfold over the next few years from US$200 billion to US$2 trillion. While cryptocurrencies present new opportunities for investors, it…
US stock futures traded higher on Wednesday as investors braced for the Federal Reserve’s interest-rate decision, economic updates, and earnings from tech giants Microsoft (MSFT) and Meta (META). Dow Jones Industrial Average futures (YM=F) held steady, while those on the S&P 500 (ES=F) ticked up 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.2%….
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer held a press conference in Stockholm following two days of trade talks with China. Although no breakthrough had been achieved, both sides agreed to work toward extending their 90-day tariff truce. During the briefing, Bessent warned that China could be subject to high US tariffs…
By David Lawder STOCKHOLM (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereignty. Wrapping up two days of U.S.-China trade talks in Stockholm, Bessent…
China’s aviation regulator has been surveying the country’s airlines to gauge their need for commercial jets made by Boeing, suggesting a possible area in which trade ties between Beijing and Washington might flourish if a broader deal is hammered out. The Civil Aviation Administration of China (CAAC) has requested carriers to update their fleet purchase…