US President Donald Trump announced tariff cuts on fentanyl-related products from China, reducing them from 20% to 10%. This decision is part of an agreement reached at a summit in South Korea last October. This move aims to ease trade tensions between the world's two largest economies. Trump also announced a freeze on reciprocal tariffs imposed on Chinese goods. This freeze will remain in effect, providing some relief to companies engaged in international trade with China. This policy is expected to help ease trade tensions that have persisted for the past few years. This tariff cut will...
Chinese Vice Premier He Lifeng is set to meet U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer from Friday, as the world's two largest economies try to ease an unexpected flare-up in tension ahead of a key leaders' summit. The commerce ministry said He, China's top economic official, will visit Malaysia from October 24 to 27 for a summit of the Association of Southeast Asian Nations it is hosting. Earlier, the top U.S. trade officials said they would also head to Malaysia to discuss Beijing's curbs on exports of rare earths with Chinese officials. Tension has...
The Trump administration announced on Wednesday new sanctions targeting Russia's two largest oil companies, Rosneft and Lukoil, as part of efforts to pressure Moscow to end the war in Ukraine, which began with Russia's 2022 invasion. Treasury Secretary Scott Bessent stated, "Now is the time to stop the killing and for an immediate ceasefire," adding that the companies "fund the Kremlin's war machine." The sanctions also extend to dozens of their subsidiaries. Bessent emphasized that Treasury is ready to take further action to support President Trump's push to end the conflict and urged...
U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese officials regarding what he called "very aggressive" and "disproportionate" measures Beijing has taken to curb rare earth mineral exports. Greer told CNBC's "Squawk Box" that a meeting between President Donald Trump and Chinese President Xi Jinping is still scheduled, but it would be a mutual decision if the meeting takes place on the sidelines of an economic conference in South Korea next week. Trump is scheduled to travel to Kuala Lumpur for the...
Shutdown pemerintah AS sudah masuk hari ke-22 (22 Oktober 2025), menjadikannya kedua terpanjang dalam sejarah. Di Senat, pemungutan suara untuk membuka kembali pemerintahan sudah 11 kali gagal, sehingga kebuntuan makin panjang. Presiden Donald Trump menyatakan baru akan bertemu pimpinan Demokrat setelah pemerintah dibuka kembali, sementara kubu Republik mulai mengakui bahwa perlu ada RUU pendanaan sementara (CR) untuk keluar dari situasi ini. Dampaknya makin terasa ke layanan publik penting. Lembaga peradilan federal mulai merumahkan (furlough) pegawai karena dana cadangan habis;...
The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding past the end of the federal fiscal year on September 30. The closure has shut off the flow of key economic data at a moment of uncertainty among policymakers and investors about the health of the U.S. job market, the trajectory of inflation and the strength of consumer spending and business investment. The federal agencies responsible for indicators of U.S. economic activity, including the Bureau of Labor Statistics, Bureau of Economic Analysis...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
US President Donald Trump announced tariff cuts on fentanyl-related products from China, reducing them from 20% to 10%. This decision is part of an agreement reached at a summit in South Korea last...