trade deal

A Harvard scholar has suggested that the United States and China are on the verge of finalizing a trade deal, with the potential for an agreement as soon as next week. What Happened:  Graham Allison, the founding dean of Harvard University‘s John F. Kennedy School of Government and...

Former Commerce Secretary Wilbur Ross, who served in the first Trump administration, believes that President Donald Trump’s 90-day tariff pauses are not only a trade strategy but also a political tactic. What Happened: In an interview with Fortune, Ross said that the pauses align with the U.S...

Treasury Secretary Scott Bessent has suggested that the Trump administration may consider extending the current 90-day tariff pause beyond July 9 for the U.S.’s top trading partners. This extension, however, is contingent on the partners’ “good faith” in ongoing trade...

U.S. recession odds slipped further on Polymarket as a slew of bullish events lifted investor sentiment Wednesday. What happened: Odds in favor of the betting contract titled “US recession in 2025?” were 23% as of this writing, a considerable drop from the all-time high of 66% recorded...

In a recent survey, a majority of CEOs have expressed confidence in the U.S. economy, with a notable decrease in the number of business leaders anticipating a recession this year. What Happened: A survey conducted on 277 CEOs by Chief Executive in June revealed that 28% of the 277 CEOs polled...

As U.S. President Donald Trump and Chinese President Xi Jinping break the ice with a phone call after months of silence, analysts weigh in on what’s in store for the U.S.-China trade. What Happened: The U.S. and China have been at odds over trade for a considerable period. The...

The manufacturing sector in China has slipped into contraction in May, marking its lowest level since September 2022, as the impact of tariffs continues to weigh heavily on the industry despite a temporary trade truce with the U.S. What Happened: Data released on Tuesday by Caixin...

China has refuted U.S. President Donald Trump‘s claims of breaching the Geneva trade agreement, labeling them as unfounded. What Happened: On Monday, China's Commerce Ministry rejected Trump's accusations that Beijing had breached the Geneva trade agreement. The ministry confirmed that China...

CEO of JPMorgan Chase (NYSE:JPM), Jamie Dimon, has reportedly made a commitment to intensify the bank’s association with Chinese capital markets. What Happened: Dimon’s pledge follows a meeting with high-ranking Chinese officials, including Beijing’s chief trade negotiator,...

A Texas-based experiment reveals that U.S. consumers are not favoring domestically produced showerheads, despite the imposition of tariffs on Asian imports. What Happened: Ramon van Meer, a marketer of showerheads, conducted an online experiment to understand consumer preference between ‘Made...

Former PIMCO CEO and current Allianz’s chief economic adviser, Mohamed El-Erian, has suggested that the era of U.S. exceptionalism is on pause, not conclusively over, amid President Donald Trump‘s tariffs and economic uncertainty. What Happened: El-Erian expressed his views on the...

President Donald Trump has declared that the U.S. will be independently setting new tariff rates on several trading partners, bypassing the need for individual agreements. What Happened: Trump announced during a meeting with business executives in the United Arab Emirates that new tariffs...

Despite a powerful 22% surge in the S&P 500 since the April lows—driven by easing U.S.-China trade tensions and a 90-day pause on new tariffs—only half of the index’s stocks have managed to rise above their 200-day moving average, indicating a market rally that remains potentially...

The Port of Los Angeles, one of the largest import gateways in the U.S., has issued a warning that the recent reduction in tariffs on Chinese goods may not be enough to reverse the declining cargo volume. What Happened: Cargo volumes at the Port of Los Angeles have been on a downward trend. To...

Tesla Inc. (NASDAQ:TSLA) is reportedly preparing to restart the shipping of components from China to the U.S. for the production of its Cybercab and Semi trucks. This move follows a recent truce over tariffs between the U.S. and China. What Happened: The tariff truce, announced...