US Treasury Secretary Scott Bessent confirmed plans to speak with Chinese Vice-Premier He Lifeng on Friday in a further sign of easing tensions ahead of a potential meeting between the two countries’ leaders. “The vice-premier, who is my counterpart, and I will be speaking this evening at around 8.30, 9 o’clock,” Bessent said at the…
The sustained trade war with China is “not sustainable,” President Donald Trump admitted Friday during an interview with Fox News. Speaking with anchor Maria Bartiromo about the current status of the trade relationship, the president confirmed that he is slated to meet with Chinese President Xi Jinping in Korea at the APEC Summit at the…
United States President Donald Trump said on Friday, October 17, that his proposed 100 per cent tariffs on Chinee imports would not be sustainable, as he hoped that ties with the country would be fine when he meets President Xi Jinping in South Korea in two weeks. The US President also blamed China for the…
Merz has been under rising political pressure at home to do more to address Germany’s economic malaise. Following two straight years of economic contraction, economists expect little if any growth this year, in part due to U.S. President Donald Trump’s tariff policies, which hit Berlin’s export-oriented economy particularly hard. German business leaders are now urging…
Inglewood, California — One family’s legacy, an Italian restaurant called Sunday Gravy that’s been operating for decades, is now “barely breaking even,” owner Sol Bashirian says, as tariffs and inflation are eating into its profits. “It’s just the reality of where the food industry is at,” Bashirian told CBS News, noting he’s spending thousands of…
The newest American tiff over tariffs with China — rare earth minerals being the spanner in the wheel — could speed up the movement towards a US-India trade deal, a prominent trade-policy think tank in New Delhi has said. US President Donald Trump has been keeping a “great friend” tone towards PM Modi while his…
Iowa soybean farmer says “export to China just isn’t there” – CBS News Watch CBS News American farmers are facing financial strain as China halts purchases of U.S. soybeans. Iowa soybean farmer April Hemmes joins CBS News to discuss. Source link
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer warned on Wednesday that China’s new trade rules are part of an apparent effort to control the world’s supply chains. CBS News MoneyWatch correspondent Kelly O’Grady has more details. Source link
Gov. Tim Walz will join farmers Wednesday in southern Minnesota to highlight the local impacts of tariffs. Minnesota’s top agricultural export is soybeans, but President Trump’s recent tariffs on China are causing purchases to plummet. For soybean farmers in the U.S., China is a top export market. Last year, the country purchased over $12 billion worth…
China said that its position on trade wars remains consistent and clear—that they have no winners and are in no one’s interests—as it responded to U.S. President Donald Trump’s latest threat over soybean purchases and cooking oil. Lin Jian, spokesperson for the Chinese foreign ministry, gave Beijing’s response at a regular press briefing on Wednesday….