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.
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.
