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Business
Trump claims China meeting despite Beijing denying trade talks
Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.
Economy
Markets rebound as Trump signals cutting China tariffs 'substantially'
Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.
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Economy
China vows retaliation against countries supporting US trade isolation
Beijing has vowed to retaliate if other countries strike trade deals with the United States at the expense of China’s interests, in response to news that the Trump administration is pressuring trading partners to isolate China in negotiations.
Business
Donald Trump announces fees on Chinese-built vessels at US ports
The Trump administration announced new fees on Chinese-built vessels on Thursday, stating that the move aims to "begin to reverse Chinese dominance, address threats to the US supply chain, and send a demand signal for US-built ships."
Economy
China’s first-quarter economic growth beats estimates as tariffs loom
China’s economy grew by 5.4% in the first quarter, surpassing analysts’ expectations. Other key economic data has also topped estimates, suggesting the stimulus measures have been effective in bolstering the world’s second-largest economy. However, its economic outlook remains uncertain.
Economy
Trump team tries to bolster confidence after tariffs chaos in markets
While investors remain anxious about the impact of tariffs on global markets, White House advisors are warning against panic. The fast-changing nature of Trump's trade policies means this message is — however — hard to swallow.