Trump Opens New Front In China Trade War
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US Treasury Secretary Scott Bessent lashed out at a top Chinese trade official, saying he turned up in Washington recently uninvited and behaved in an “unhinged” fashion typical of Beijing’s so-called wolf warrior diplomats.
US stock futures rose slightly early Thursday as investors weighed promising corporate earnings against concerns about an escalating US-China trade war. Markets are bracing for more volatility as trade tensions between the US and China intensify.
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U.S. will 'neither be commanded nor controlled' by China, Bessent says as trade standoff deepens
Beijing has yet to approve the sale of TikTok U.S., increase soybean purchases or ease export controls, despite several rounds of U.S. trade talks.
The US-China trade war needle is pointing toward red again after Beijing sanctioned American entities of a South Korean shipping giant and threatened more retaliatory measures in response to US curbs on its own shipping sector.
Chinese state media on Thursday issued a seven-point rebuttal to U.S. calls for Beijing to wind back its rare earth controls, as both sides struggle to move beyond a volley of barbs and accusations of blindsiding the other.
American soybean growers across the Midwest are warning of another tough year as China’s trade freeze cuts off their largest export market and production costs soar.
In the carefully choreographed world of international diplomacy, negotiators rarely call each other out by name. It's an unspoken rule that Treasury Secretary Scott Bessent just broke. During a press conference Wednesday,
Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.