WASHINGTON – President Donald Trump on Tuesday said a trip to China might be “not too distant,” raising prospects that the leaders of the world’s two largest economies may meet soon to help reset relations after moving to climb down from a trade war. Trump made the remarks while hosting Philippine President Ferdinand Marcos Jr….
US Treasury Secretary Scott Bessent said on Tuesday that he would meet his Chinese counterparts in Sweden next week to continue trade talks between the two countries, suggesting the current pause in sky-high tariffs aimed at each other could be extended. Bessent told Fox Business that he would speak with Chinese officials on Monday and…
(Reuters) -Wall Street futures edged lower on Tuesday as investors braced for a busy day of earnings while navigating uncertainties around U.S. trade negotiations with key partners. At 05:50 a.m. ET, S&P 500 E-minis were down 7 points, or 0.11%, Nasdaq 100 E-minis were down 60 points, or 0.25%, and Dow E-minis were up 1…
By David Lawder and Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Monday called for deeper reforms of what he called an antiquated financial regulatory system and said regulators should consider scrapping a “flawed,” Biden-era proposal for a dual capital requirement structure for banks. Speaking at the start of a Federal Reserve regulatory…
President Donald Trump has threatened major US trading partners with jacked-up tariffs from August 1 if they do not cut trade deals (Andrew Harnik) Stock markets largely rose on Monday, as traders focused on upbeat US corporate news, but President Donald Trump’s August 1 deadline for ramped-up tariffs still weighed on European indices. New York…
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Monday, June 30, 2025. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary Scott Bessent recently urged President Donald Trump not to fire Treasury Secretary Jerome Powell, warning of the potential economic, political, and legal consequences of such a…
TOKYO (Reuters) -Japan’s top tariff negotiator, Ryosei Akazawa, said on Saturday he planned to visit Washington next week to hold further ministerial-level talks with the United States. Tokyo hopes to clinch a deal by an August 1 deadline that will avert President Donald Trump‘s tariff of 25% on imports from Japan. “I intend to keep…
Jason Hawkes | Riser | Getty Images Earnings season always seems to roll around with alarming frequency. The newsroom approaches each quarter with a nervous energy, but this summer it feels especially heightened. Recent market records in both the U.S. and Europe, alongside an unpredictable economic environment, paint a complicated picture for the second half….
WASHINGTON – When President Donald Trump last rolled out tariffs this high, financial markets quaked, consumer confidence crashed and his popularity plunged. Only three months later, he’s betting this time is different. In his new round of tariffs being announced this week, Trump is essentially tethering the entire world economy to his instinctual belief that…
President Trump again said Jerome Powell should resign immediately, repeating a call he made last week, and noted that “it’s OK with me” if Congress investigates the Federal Reserve chairman. The comments came as the president took questions during a cabinet meeting in Washington on Tuesday, One reporter asked Trump about accusations made by some…