Donald Trump's cabinet members sent mixed signals on whether tariff talks with China are underway, despite Trump's claims, fueling confusion as market instability and recession fears grow amid ongoing tensions between the world’s two largest economies.
While the Trump administration last week appeared open to easing tensions in the trade war with China, a conflict that has fueled recession fears, Beijing denied that talks were happening.
Treasury Secretary Scott Bessent, a key figure in trade negotiations, said he met with Chinese officials during the IMF meetings in Washington but did not discuss tariffs. Meanwhile, Agriculture Secretary Brooke Rollins said on CNN that the U.S. is holding daily conversations with China regarding tariffs.
When asked directly on ABC whether tariff talks were happening, Bessent avoided giving a clear answer, stating that his discussions with Chinese officials focused on financial stability and global economic risks, and he wasn't sure if Trump and Chinese President Xi Jinping had spoken.
Bessent previously warned that negotiations with China would be tough and slow, suggesting that while a full trade deal might take months, a basic agreement to ease tensions could happen sooner.
Trump’s unpredictable approach to tariffs, targeting major partners like China, Canada, and Mexico, has caused significant market instability and shaken investor confidence in U.S. markets.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remai...
Indonesia deployed thousands of security personnel around parliament and other major cities on Thursday as students returned to the streets, one ye...
Kremlin Spokesperson Dmitry Peskov has dismissed media reports that CIA Director John Ratcliffe visited Moscow ear...
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
Indonesia deployed thousands of security personnel around parliament and other major cities on Thursday as students returned to the streets, one year after nationwide anti-government protests left 10 people dead.
Kremlin Spokesperson Dmitry Peskov has dismissed media reports that CIA Director John Ratcliffe visited Moscow earlier this week to warn Russia against attacking NATO, dismissing them as "scare stories," which had nothing to do with reality.
Thousands of Russians are hunting for apartments in Tbilisi and Yerevan - not because of a mobilisation order that's been signed, but because of one many fear is coming.
Poland has asked the European Commission to impose a €250 million ($291.3 million) fine on Meta, accusing the technology company of failing to adequately tackle fraudulent advertisements on its platforms.
Ratko Mladić, the former Bosnian Serb military commander convicted of genocide for his role in the 1995 Srebrenica massacre, has died, according to a United Nations official.
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