China

Treasury Secretary Scott Bessent said Sunday that President Donald Trump wants to reestablish stronger business ties with China, even as the administration prioritizes rebuilding America’s manufacturing base. His remarks came during an interview on CNN’s “State of the Union,” where he addressed the challenges small businesses face in sourcing American-made goods.

President Donald Trump sharply criticized Walmart on Saturday, demanding the retail giant absorb the costs of his administration's tariffs instead of passing them on to consumers.

Americans’ confidence in their personal financial outlook has surged to its highest level in four years following President Donald Trump’s announcement of a temporary trade agreement with China. According to a new Napolitan News Service poll, 31% of registered voters now say their finances are improving, matching the highest level since July 2021.

JPMorgan is dialing back its recession forecast following President Donald Trump’s temporary tariff rollback on Chinese imports. The bank now estimates the chance of a U.S. recession in 2025 has dropped below 50%, down from a 60% likelihood previously projected.

President Donald Trump announced Monday that he may speak with Chinese President Xi Jinping by the end of the week, following a significant breakthrough in trade negotiations between U.S. and Chinese officials over the weekend. The remarks came during a White House event, where Trump signed an executive order before departing for the Middle East.

The United States and China announced that they have reached a deal to pause tariffs for 90 days.

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.

President Donald Trump is considering a cut in tariffs on China.

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.