A wave of large-scale protests is sweeping across China as factory workers, teachers, and even sanitation workers take to the streets over unpaid wages and new government-imposed fees. The unrest, intensifying throughout April, reflects deepening economic stress exacerbated by President Donald Trump’s tariffs and a faltering post-pandemic recovery.
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.
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.
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’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.
