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U.S. stocks ended higher on Monday, showing resilience despite rising trade tensions between Washington, Beijing, and Brussels. The Nasdaq Composite climbed 0.7%, while the S&P 500 added 0.4%. The Dow Jones Industrial Average posted a marginal gain of less than 0.1%. The uptick came after China pushed back against President Trump’s accusation that it had … Read more
Deputy Treasury Secretary Michael Faulkender said Monday that the Trump administration continues “to make very good progress” on trade negotiations, and it is “close to the finish line on a couple” of deals. “As long as we continue to make progress, I think you’re going to see a lot more deals that are announced prior … Read more
China on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks between the worlds top two economies have taken a turn for the worse. Trade frictions between Washington and Beijing have flared up after a hiatus following a meeting between U.S. Treasury … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world China has accused the US of “seriously violating” the trade truce and vowed to take strong measures to defend its interests as tensions between the two powers reignite. China and the US agreed … Read more
A logjam in the trade talks between the United States and China could be broken once Presidents Donald Trump and Xi Jinping speak, US officials said Sunday — a conversation they said could happen soon. Trump on Friday accused Beijing of violating a deal reached last month in Geneva to temporarily lower staggeringly high tariffs … Read more
The so-called TACO trade will be tested as market respond to President Donald Trump’s announcement on Friday night that he will double steel tariffs to 50%. Meanwhile, administration officials sounded upbeat that the Trump and President Xi Jinping could sort out snags in U.S.-China trade talks. Stocks pointed slightly lower Sunday night after President Donald … Read more
White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. Leah Millis | Reuters National Economic Council director Kevin Hassett suggested on Sunday that President Donald Trump and China’s President Xi Jinping could have a conversation about trade as soon as this week. Hassett … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boeing chief executive Kelly Ortberg said he was working with the Trump administration to ensure the company was not “an unintended consequence” of the trade war with China, suggesting countries buy more of its planes … Read more
Japan PM Ishiba mulls Trump trade meeting before G7, says Yomiuri newspaper
Section 899 of the “One Big Beautiful Bill” moving through Congress has raised growing alarms on Wall Street, after the once-obscure provision was initially overshadowed by the budget proposal’s estimated impact on the deficit. Deutsche Bank warned that what’s been dubbed the “revenge tax” could further harm the attractiveness of U.S. assets. As Wall Street continued … Read more
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