After two days of high-level negotiations in Geneva, President Donald Trump's top trade officials reported significant progress toward a new U.S.-China trade agreement.
In a significant development, Chinese President Xi Jinping has dispatched Minister of Public Security Wang Xiaohong to Switzerland for high-level trade negotiations with the United States.
The Federal Reserve maintained its benchmark interest rate at 4.25% to 4.5% on May 7, 2025, citing escalating risks of inflation and economic slowdown due to ongoing trade tensions and tariff policies.
President Donald Trump’s aggressive tariff strategy is delivering a major boost to American manufacturers, with new orders and job growth climbing as companies move away from Chinese suppliers. A 145% tariff on Chinese goods has made American-made products more competitive, forcing many firms to reshore operations and invest in U.S.-based production.
A secret Chinese police station allegedly shut down in Quito, Ecuador in May 2024 appears to still be operating, according to new investigative reports. Originally disguised as a “travel agency,” the station was used to monitor dissidents and conduct espionage, mirroring similar illegal operations run by the Chinese Communist Party (CCP) worldwide. Local outlets Código Vidrio and Vistazo now report that Chinese operatives, linked to the CCP, have continued surveillance activities from a different location.
Chinese e-commerce giant Temu announced Friday it will no longer ship goods directly from China to the United States, opting instead to fulfill U.S. orders from domestic warehouses. The announcement came on the same day the Trump administration officially shut down a controversial trade exemption that allowed Chinese-made products under $800 to enter the U.S. duty-free.
President Donald Trump is proposing a 13% increase in defense spending for fiscal year 2026, pushing the Pentagon’s budget past the $1 trillion mark for the first time in U.S. history. The “skinny budget” plan, obtained by Air & Space Forces Magazine, outlines national security goals focused on deterring China, strengthening homeland defense, and revitalizing the defense industrial base.
