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.
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A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence...
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Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
A Russian strike on a farm warehouse in Pryluky, north-central Ukraine, has killed at least three people, local police said. Meanwhile, EU foreign policy chief Kaja Kallas said an attack on a train near the Polish border was an attempt to intimidate Ukraine's allies.
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
McDonald's and Chinese food-delivery giant Meituan have launched China's first drone-delivery route dedicated to a single catering brand, bringing the technology to Shanghai's popular West Bund riverfront.
The U.S. Environmental Protection Agency (EPA) has announced plans to scrap Biden-era carbon emission limits on coal- and gas-fired power plants, marking a major reversal in U.S. climate policy.
University students in Mexico have held a vigil for a 21-year-old Spanish exchange student killed in the central state of Morelos, with authorities investigating her death as a possible feminicide.
Every day since a torrent of mud and rocks destroyed a Nepal-China border crossing high up in the Himalayas last month, Arushi Gupta's parents have called and messaged their missing daughter hoping she somehow survived.
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