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The US and China have agreed on a deal to help resolve the trade war raging between the world’s two largest economies, top Trump administration officials announced Sunday. Details of the deal — struck during negotiations in Switzerland over the weekend — were not revealed, but officials teased that more information will be shared on Monday. “The U.S. has a massive $1.2 trillion trade deficit, so the President declared a national emergency,” US Trade Representative Jamieson Greer said Sunday. “We’re confident that the deal we struck with our Chinese partners will help us work toward resolving that national emergency.” President...

GENEVA, May 11 (Xinhua) -- Chinese Vice Premier He Lifeng urged on Sunday China and the United States to find proper solutions to problems, and extend the list of cooperation. He, the Chinese lead person for China-U.S. economic and trade affairs, held a high-level meeting over the weekend with U.S. lead person Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer. The two sides conducted in-depth, candid and constructive communication on implementing the important consensus reached by the heads of state of the two countries on Jan. 17, and reached a series of major consensuses. He said China and...

The Trump administration’s global tariffs face their first major legal test this week when a little-known Manhattan court considers one of the president’s most sweeping assertions of executive power. A three-judge panel at the Court of International Trade will hear arguments Tuesday on whether to halt the levies, which have unleashed a trade war with the world and threaten to upend the global economy. The federal court, which has nationwide jurisdiction over tariff and trade disputes, operates for the most part in obscurity, rarely garnering a mention in major publications and staying off the radar of most attorneys. “Most lawyers...

On July 7, 1846, a contingent of Marines raised the American flag over Monterey, California, to mark a proclamation by U.S. consul Thomas Larkin that the territory was being annexed as a consequence of the war with Mexico. Much of the future state had already been taken from Mexico's nominal control by an uprising of American settlers under the Bear Flag. Victory in the Mexican War meant that the country gained Texas, California, and everything in between, comprising most of what is now New Mexico, Arizona, Nevada, Utah, Colorado, and Wyoming. Next to the War of Independence and the Civil...

American farmers are behind President Donald J. Trump and his relentless push to restore fairness in global trade and secure new markets for homegrown producers.According to the latest Purdue University-CME Group Ag Economy Barometer:70% of farmers expect the President Trump’s tariffs to strengthen the agricultural economy in the long-term.Farmer sentiment improved in April, marked by rises in current and future expectations.The Farm Capital Investment Index rose to its highest reading since May 2021. “This month, one out of four respondents said it was a good time to make large investments, nearly double the percentage of respondents who said it was...

In February, President Donald J. Trump promised “a great trade agreement” with the United Kingdom — and today he delivered with a “breakthrough” trade deal that expands market access, curbs non-tariff barriers, and levels the playing field for American exporters.Promises made, promises kept — and he’s just getting started.It’s the first such deal under President Trump’s transformational plan to liberate Americans from globalist trade policies that make foreign countries rich while Americans get robbed. It’s all part of President Trump’s vision of economic prosperity: fair trade, historic tax cuts, deregulation, and a manufacturing revival that will cement America’s new Golden...

Canadian exports to the United States are beginning to decrease in light of the trade war. Statistics Canada announced that exports to the United States, Canada’s largest trading partner, declined 6.6% during the first month of tariffs while imports from the United States fell 2.9%. March 2025 was the second-highest recorded monthly increase in non-US trade for Canada. Exports to nations outside the US rose 24.8%. Overall exports in March 2025 reached $69.9 billion, a slight decrease from February’s $70.04 billion posting, yet volume rose by 1.8%. The United Kingdom has been purchasing unwrought (crude) gold exports from Canada this...

Ford Motor has hiked prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump's tariffs. Prices on the Mustang Mach-E electric SUV, Maverick pickup and Bronco Sport will increase by as much as $2,000 on some models, according to a notice sent to dealers, which was reviewed by Reuters. Ford earlier this week said Trump's trade war would add about $2.5 billion in costs for 2025, but it expects to reduce that exposure by around $1 billion. Rival General Motors said last week that...

BRUSSELS — The European Union published on Thursday a list of U.S. imports that it would target with retaliatory duties if no solution is found to end President Trump’s tariff war, which could include aircraft maker Boeing. At the same time, the EU’s executive branch, the European Commission, said that it would begin legal action at the World Trade Organization over the “reciprocal tariffs” that Trump imposed on countries around the world a month ago. “The EU remains fully committed to finding negotiated outcomes with the U.S.,” commission President Ursula von der Leyen said. “At the same time, we continue...

The second largest carmaker in the world will be relocating the manufacturing of its luxury brand to the United States after President Donald Trump has been encouraging car companies to do business in the US. Volkswagen Group, which is the second largest car manufacturer in the world, will be joining a number of other car manufacturers in moving production to the United States for the German automaker's luxury brand, Audi, per the Daily Mail. A spokesman for the company told the outlet, "We want to localize more strongly in the USA. To this end, we are currently examining various scenarios....

Speaking to reporters and the American people from the Oval Office Thursday morning, President Donald Trump detailed a new trade agreement between the United Kingdom and the United States just one month after Liberation Day. "I think it's a great deal for both parties," Trump said. "It opens up a tremendous market for for us." "I think it's going to be something very special for the UK and for the United States," he continued. 🚨President Trump announces the "historic" details of his trade deal with the U.K."The deal includes a plan that will bring the United Kingdom into the economic...

We have a big event happening tomorrow. Katie will get the official unveiling, but a major trade deal was struck between the United States and “a big, and highly respected, country.” Is it the United Kingdom? That’s been circling the rumor mill. We are in trade talks with our cousins across the pond, but they’re not the only ones. Treasury Secretary Scott Bessent will meet with Chinese officials in Switzerland over the weekend. Talks with India are ongoing, but their recent armed spat with Pakistan might put those on hold. Who knows, but trade deals are being hashed out, as...

Donald J. Trump @realDonaldTrump · 2h Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!

VIDEOInverse Cramer Effect. It never fails as an accurate prediction of where the economy is going. Most recently this was proven when Jim Cramer preached ecomonic doom and gloom on Trump's tariffs including BLACK MONDAY. This prediction of economic woe was reinforced by liberals and the news media who piously proclaimed that China would NEVER negotiate on tariffs. Oooops! Better tell that to the official Chinese team coming to Switzerland to negotiate tariffs with Team Trump.And remember everybody... BEAR STEARNS!!!

Senator Adam Schiff (D-CA) predicted Tuesday on MSNBC’s “All In” that President Donald Trump would “cave” on implementing tariffs in the next couple of weeks. When asked about tariffs, Schiff said, “I’m very concerned. I was at one of California’s ports just a week or so ago, and they were talking about the real declines in traffic they’re seeing into the port, which they can see across the horizon, because you can see when ships leave from overseas, when they’re going to arrive, you can see the falloff in cargo containers. I think they’re expecting within the next couple of...

WASHINGTON/BEIJING, May 7 (Reuters) - U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war disrupting the global economy. News of the planned Geneva meeting, first announced by Washington late Tuesday, sent U.S. equity index futures higher. Stock markets in China and Hong Kong followed suit during Asian trading on Wednesday. The talks come after weeks of escalating tensions that have seen duties on goods imports between the world's two largest economies soar well beyond...

President Donald Trump's tough stance on China is already producing results, and the evidence suggests that Chairman Xi Jinping will have no choice but to back down. China's economy, long propped up by unfair trade practices, is starting to crumble under the weight of Trump's strategic 145% tariffs on Chinese imports.Protests from furious factory workers in China demanding back pay are spreading across the country after President Trump’s tariffs on Chinese imports began impacting the communist nation’s economy.Unrest has been reported across the country as workers have taken to the streets protesting unpaid wages and challenging unfair dismissals following the...

Treasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer will meet with their Chinese counterparts in Switzerland this weekend to discuss economic and trade matters, their offices announced Tuesday.“We have shared interests,” Bessent said later on Fox News’ “Ingraham Angle.” The current tariff war “isn’t sustainable,” said Bessent, “especially on the Chinese side. And, you know, 145 percent [tariffs], 125 percent, is the equivalent of an embargo. We don’t want to decouple, what we want is fair trade.”Bessent and Greer will meet with their Chinese counterparts on both Saturday and Sunday, the Treasury secretary said.

When Americans were experiencing inflation and shortages during the Biden presidency, there was an internet meme going around that juxtaposed a paltry egg with the iconic 2019 image of a grinning Donald Trump, welcoming the national championship–winning Clemson Tigers to the White House, spreading his arms to display a massive bounty of burgers piled in front of him. The underlying message behind that joke became a central part of the 2024 campaign: Under Trump, Americans had plenty; under Biden-Harris, they had less. Yet bizarrely, the man who for decades has been a symbol of unapologetic American excess is now defending...

The average annual wage in America is $63,000 while the average annual wage in India is just $2,500—the average American earns 25x more than the average Indian. Labor is often the largest input cost for making products, accounting for approximately 30 - 35% of the cost of American manufacturing—and it’s an even higher proportion in many service industries. If America and India traded freely, India’s low wages would undercut America’s labor market—either Americans will need to accept lower wages domestically, or the factories will relocate to India to take advantage of dirt-cheap labor. How do we know this will happen?...