Scott Bessent, China
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China, Trump and Philippine
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President Donald Trump’s effort to target China through its trading partners across global supply chains threatens to erode the country’s growth and most of its exports to the US, according to Bloomberg Economics.
The U.S. will likely extend its Aug. 12 tariffs deadline for a final trade deal with China as the two sides continue to negotiate, Treasury Secretary Scott Bessent said in a TV interview Tuesday.
Treasury Secretary Scott Bessent announced Tuesday that a third round of trade talks with China are now scheduled and will commence next week in Sweden.
U.S. Treasury Secretary Scott Bessent said he would soon meet top Chinese officials to extend the two countries' trade truce. “China, that deal expires on Aug. 12 and I’m going to be in Stockholm on M
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China's Ministry of State Security says it is cracking down on alleged smuggling of rare earths materials that it says threaten national security.
EU retaliatory measures could include taxes on digital services that could be aimed at U.S. technology companies such as Alphabet, the parent of Google, or Meta Platforms, which owns Facebook.
M said it expects a gross tariff impact of 20 cents a share for the full year, down from its prior projection of 60 cents a share, thanks in part to easing trade tensions between the U.S. and China. CEO Bill Brown said most of the materials maker’s tariff costs are related to China,
China is refusing to let a U.S. Department of Commerce employee and a Wells Fargo banker leave the country, officials say.