BEIJING (Reuters) -The United States should remove what China described as unreasonable tariffs and create conditions to expand bilateral trade, a Chinese commerce ministry spokesperson said on Thursday when asked if China would purchase U.S. soybeans. China, the world’s biggest buyer of soybeans, has yet to book any U.S. soybean cargoes from its autumn harvest,…
The CEO of Swiss pharmaceutical company Novartis said Saturday that it has enough stockpiles in the US to withstand any potential tariffs from President Trump, Reuters reported. Pharmaceuticals are exempt from the 39% tariffs Trump slapped on Switzerland in August, but an EU trade deal reached in July includes a 15% tariff on most drugs,…
US stocks notched fresh highs on Friday amid a record-setting rally as the US and China advanced trade talks and the “Magnificent Seven” tech stocks continued to climb. The Dow Jones Industrial Average (^DJI) rose 0.4% and the S&P 500 (^GSPC) jumped nearly 0.5%. The tech-heavy Nasdaq Composite (^IXIC) led gains, adding about 0.7%, as…
Wall Street closed higher on Monday as investors cheered President Donald Trump’s comments that the U.S.-China trade talks were on a positive track, while they remained focused on the Federal Reserve’s key policy meeting this week. All three major indexes ended in positive territory. The Dow Jones Industrial Average (DJI) rose 0.1%, or 49.23 points,…
Bloomberg reports: Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. Traders see a quarter-point cut this week amid signs of labor market weakness, and some potential for reductions extending into next year. That expectation has driven Treasury yields to the lowest in months, weakened the greenback and supported gold. Lower yields…
U.S. Treasury Secretary Scott Bessent is in Madrid for talks with China. For two months, Chinese diplomats have courted the White House, hoping to lock in a visit by President Trump to China that would grant leader Xi Jinping a significant diplomatic victory, according to people familiar with the matter. PREMIUM China Pushes for Trump…
Chinese officials including Vice Premier He Lifeng began their latest round of trade talks with a US delegation in Madrid (Thomas COEX) China and the United States kicked off the latest round of trade talks on Sunday in Madrid, where they are set to thrash out their TikTok dispute and President Donald Trump’s promised hefty…
US Treasury Secretary Scott Bessent will meet with Chinese Vice Premier He Lifeng in Madrid to discuss trade, economic and national security issues in another sign that talks between the two sides are heating up. The discussions next week will also cover TikTok’s status and efforts to combat money laundering, according to a schedule released…
US President Donald Trump on Monday termed Washington’s ties with New Delhi “totally one-sided” and again criticised India for its high tariffs on American products. Trump’s statement came on a day when Prime Minister Narendra Modi met Russian President Vladimir Putin and China’s President Xi Jinping in Tianjin on the sidelines of the Shanghai Cooperation…
Last Updated:August 26, 2025, 06:45 IST In May, Secretary of State Marco Rubio had proposed aggressively revoking visas of Chinese students. The United States and China have been locked in a trade standoff for several months (Photo: AP) President Donald Trump announced on Monday that his administration will accept up to 600,000 Chinese students to…