U S TREASURY SECRETARY
Trump likes China's Xi Jinping, but finds him 'extremely hard' to make a deal with
Donald Trump commented on US-China relations amid trade discussions. He described Xi Jinping as tough to negotiate with. Trade talks face hurdles as China hasn't fulfilled a tariff reduction agreement. Delays in rare earth export licenses worry Washington. Scott Bessent hopes a Trump-Xi call will resolve issues. New tariffs on steel and aluminum imports are implemented. The EU threatens retaliation.
Gold prices climb on softer dollar, Trump's fresh tariff threat
Gold prices saw a rise due to Donald Trump's tariff threats. A weaker dollar also supported the increase. Trump plans to raise tariffs on steel and aluminum. This move prompted a warning of retaliation from Europe. Geopolitical tensions between Ukraine and Russia have escalated. Trump and Xi Jinping are expected to discuss trade issues soon.
Trump, Xi likely to speak soon on minerals trade dispute, aides say
Donald Trump and Xi Jinping are expected to discuss trade matters soon. This includes a disagreement over crucial minerals. Scott Bessent mentioned that China is restricting products vital for industrial supply chains. Trump believes this violates a previous agreement. Kevin Hassett said the leaders will likely discuss the Geneva agreement on tariff disputes. A conversation is anticipated this week.
Can Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubts
President Trump faces skepticism over his tax cut package's impact on the national debt, struggling to convince Republicans, investors, and even Elon Musk. Despite promises of spending cuts, deficits are projected to rise, leading to concerns about economic competence.
Investors rattled as yields surge — strategist labels Trump administration the new bond vigilante force
US Treasury yields are up, causing investor anxiety. Donald Trump's tax bill is moving to the Senate. A trade court ruling on tariffs added to market jitters, though it was later halted. The Trump administration is watching long-term rates closely. BNP Paribas forecasts the 10-year yield at 4.25% in 2025. No Federal Reserve rate cuts are expected this year.
India, US to 'coordinate in the upcoming' Financial Action Task Force (FATF) processes
Foreign Secretary Vikram Misri visited Washington, DC, engaging with US officials to advance the India-US COMPACT for the 21st Century. Discussions spanned economic ties, FATF collaboration, defence cooperation, and trade, emphasizing technology, trade, and talent as key pillars. India aims to strengthen partnerships and address concerns like terror financing through international platforms.
- Go To Page 1
Trump accuses China of violating trade deal, doubles steel and aluminum tariffs
President Trump accused China of violating a tariff rollback deal, escalating trade tensions by doubling steel and aluminum tariffs to 50%. He claimed China was slow-rolling export licenses for rare earth minerals, critical for U.S. industries. Despite ongoing concerns and stalled trade talks, both nations express hope for resolution through direct engagement between Trump and Xi.
China has violated tariff agreement with US, not surprisingly: Trump
Donald Trump accused China of violating their agreement to roll back tariffs on critical minerals, expressing his dissatisfaction on social media. U.S. officials claim China is slow-rolling the issuance of export licenses for rare earths, while China cites concerns over U.S. export controls. Trade talks between the two nations have stalled, potentially requiring intervention from Trump and Xi Jinping.
Monica Crowley mocked as 'Trump's clone' with orange tan and glowing white hair. Who is she?
Monica Crowley was sworn in as ambassador and chief of protocol after being nominated by Donald Trump in December 2024. Her appearance drew comparisons to Trump's clone, while her appointment was praised for its focus on upcoming international events. However, a past plagiarism controversy resurfaced, recalling her withdrawal from a previous Trump administration role.
Will you get a refund for Trump tariffs after federal court's ruling? Check details
Donald Trump's tariffs faced legal challenges. A court initially ruled against his authority to impose them. Another court allowed tariffs to continue temporarily. This happened while the White House appeals. The ruling raised questions about refunds for importers. The administration acknowledged responsibility for refunds in some cases. Consumers are unlikely to directly benefit from any reimbursements. The legal battle continues.
I made a fast deal with China, but...: Trump accuses Beijing of violating trade agreement
Donald Trump claimed he made a "fast deal" with China to rescue their economy from his tariffs, which he believed were causing economic hardship and unrest. However, Trump alleges that China has completely violated the agreement. This comes as China's Foreign Ministry criticized trade wars and protectionism after a US court blocked Trump's tariffs, a decision the administration is appealing.
US stock market futures today: Dow, S&P 500, and Nasdaq hold steady as Trump tariff threat, inflation data, and China trade stall shake investor confidence
Stock futures remain steady as Wall Street braces for key inflation data and more news on Trump’s trade tariffs. Investors are watching closely after the court’s back-and-forth decisions on the legality of tariffs and renewed worries about stalled U.S.-China trade talks. Markets remain cautious, but May is still shaping up strong for major indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average. Meanwhile, big moves in Asia and fresh earnings reports from Gap, Dell, and Ulta Beauty are stirring interest. Find out what’s driving the markets and what could come next in this global economic tug-of-war.
Trump's big plans on trade and more run up against laws of political gravity, separation of powers
President Trump's expansive view of executive power faced setbacks as courts rejected his tariffs, deeming them an unconstitutional overreach. Judges rebuked Trump's use of a 1977 law to justify import taxes, citing separation of powers concerns. Despite the legal challenges, the administration defends the tariffs as crucial for trade negotiations, while critics warn of a potential constitutional crisis.
Trump summons Fed's Jerome Powell, tells him he's making a mistake on rates
President Trump met with Fed Chair Powell, expressing his disagreement with the Fed's interest rate policy and urging rate cuts to gain an economic advantage over other countries. Powell emphasized the Fed's commitment to setting monetary policy based on economic data and its mandate for maximum employment and stable prices, ensuring decisions are objective and non-political.
Elon Musk leaves White House: Who will succeed Trump's 'first buddy' and what happens to DOGE now?
Elon Musk has announced his departure from DOGE capping the billionaire tech entrepreneur’s turbulent four-month run leading a contentious effort to slash the federal government. This came a day after the tech mogul criticized the Trump administration for 'big, beautiful bill'. Now, social media is abuzz that what happens to DOGE and who will replace Elon Musk.
Here's what a Texas oil executive from DOGE is doing inside the Interior Department
Tyler Hassen, a Texas oil executive, is reorganizing the Interior Department. He has ties to the energy sector and Russia. Concerns arise about potential conflicts of interest. Hassen is expediting fossil fuel permits and reducing regulations. Democrats are questioning his authority. He is also facing scrutiny for his financial disclosures and attempts to remove a top department lawyer.
Tanks, not T-shirts: What Trump really wants from tariffs
President Trump clarified his tariff policy, emphasizing its focus on boosting domestic production of military and technology equipment rather than consumer goods. He stated the U.S. aims to produce military equipment, AI, computers, chips, tanks, and ships. Trump also reignited his aggressive trade stance by proposing tariffs on EU goods and iPhones.
US dollar falls amid market jitters over Trump’s EU tariff threats
The US dollar faced a broad decline on Friday. Investors sold off the currency due to President Trump's escalating trade war. He suggested tariffs on the European Union. This action renewed worries about the impact on the global economy. The Japanese yen gained strength. Data showed Japan's inflation rose. The British pound also increased against the dollar.
Wall Street slides as Trump’s tariff threats triggers market uncertainty
American stock markets experienced a decline on Friday. This downturn resulted in a weekly loss. Donald Trump's proposal of 50% tariffs on European products triggered this fall. Technology and communication sectors faced significant losses. Apple's stock also dropped following tariff warnings. Trade tensions and tariff talks contributed to market uncertainty.
What made Donald Trump impose 50% tariffs on EU? Here are the reasons why Europe needs to act quickly
Donald Trump plans to impose a 50% tariff on EU imports from June 1. This follows US frustration with EU trade proposals. Treasury Secretary Scott Bessent says EU proposals are not good. He notes progress with India and Asian nations. Bessent mentions some EU countries are unaware of Brussels proposals.
US stocks fall after Trump threatens steep tariffs on EU, Apple
Wall Street dropped at the open on Friday after U.S. President Donald Trump recommended 50% tariffs on the European Union, while Apple slid after he warned the company would have to pay tariffs if its phones were not made in the United States.
Dollar swoons on fiscal worries, bitcoin extends record rally
U.S. fiscal concerns and a weak Treasury bond auction sent the dollar to a two-week low against the yen. Investors, already wary after a Moody's credit rating cut, sought refuge in gold and Bitcoin, which hit a new high. Trump's spending bill faces Republican divisions, adding to market skepticism about fiscal restraint and further pressuring the dollar.
Dollar forecast: US currency is sliding everyday. What to expect in 2025?
Dollar is down on the year against every major currency. Donald Trump's tax bill would add $3 trillion to $5 trillion to the country's debt.
South Korea's won gains after report on US demand for stronger currency
South Korea's currency rose sharply against the dollar on Wednesday after a media report that the United States had demanded that Seoul come up with measures to boost the won.
Dollar on defensive as traders eye Trump tax bill, G7 currency talks
The U.S. dollar weakened as President Trump struggled to gain support for his tax bill, and concerns arose about potential U.S. intervention for a weaker dollar. Trade war developments slowed, impacting currency markets, while rising U.S. Treasury yields and a Moody's downgrade contributed to a "sell America" sentiment. Analysts suggest the U.S.
US stocks fall after Moody's surprise downgrade; yields rise
U.S. stocks, bonds, and the dollar declined after Moody's Ratings suggested the U.S. government's debt is unsustainable, impacting investor confidence. Rising Treasury yields signal increased borrowing costs for Washington, potentially affecting household and business interest rates. Concerns over tax cuts, the debt limit, and trade wars further weigh on the market, with retailers like Walmart facing tariff-related price pressures.
Gold rises as dollar slips, Trump tariff threats fuel safe-haven demand
Gold prices surged over 1% on Monday, fueled by a weaker dollar and renewed trade tensions sparked by U.S. Treasury Secretary Scott Bessent's reaffirmation of President Trump's tariff threats. Spot gold reached $3,247.40 an ounce, while U.S. gold futures hit $3,251.90.
Dollar edges lower after US credit downgrade, Aussie pares losses before RBA
The U.S. dollar weakened in early Asian trade. This happened after a surprise downgrade of America's credit rating. Trade tensions also affected market sentiment. Moody's lowered the U.S. rating due to debt concerns. Scott Bessent mentioned possible tariffs. The dollar fell against the yen and Swiss franc. The Australian dollar saw a slight increase.
GIFT Nifty down 15 points; here's the trading setup for today's session
Indian equities experienced a rally last week, and analysts anticipate continued consolidation with a positive outlook, driven by easing geopolitical tensions and progress in trade agreements. Macroeconomic stability is also showing signs of improvement. Technically, dips are expected to be bought, with key support levels at 25,000/24,800.
Load More
