U.S. Economy
China sees the U.S. trade deal as a huge win for Beijing
Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the United States as a victory and a vindication of Beijing’s negotiating strategy. They’re arguing that their defiant public posture worked — and was a major reason they were able to strike a deal with U.S. […]
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Trump China trade deal: Tariff pause means new surge in freight shipments, and higher prices
Another surge in trade from China to the U.S. should be getting underway, according to retailers and logistics executives, as the initial trade deal struck by the U.S. and China leads importers to move forward with shipments during the 90-day pause on the steepest tariffs implemented by President Donald Trump. On Monday, the U.S. and […]
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U.S. and China agree to slash tariffs for 90 days in major trade breakthrough
US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer speak to the media after talks between senior US and Chinese officials on tariffs in Geneva on May 11, 2025. Valentin Flauraud | Afp | Getty Images The U.S. and China on Monday agreed to suspend most tariffs on each other’s goods in […]
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Trump poised to accept Qatar jet gift as Air Force One
U.S. President Donald Trump boards Air Force One for travel back to Washington, D.C., at Palm Beach International Airport, in West Palm Beach, Florida, U.S. May 4, 2025. Leah Millis | Reuters President Donald Trump is preparing to accept a luxury jet from the royal family of Qatar, which he will use as Air Force […]
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Iran and the US conclude a 4th round of negotiations over Tehran’s nuclear program in Oman
The flag of Iran is seen in front of the building of the International Atomic Energy Agency (IAEA) Headquarters on May 24, 2021 in Vienna, Austria. Michael Gruber | Getty Images News | Getty Images DUBAI, United Arab Emirates (AP) — Iran and the United States held a fourth round of negotiations Sunday over Tehran’s rapidly […]
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Lutnick says 10% baseline tariff will stick around for “foreseeable future”
U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. Carlos Barria | Reuters Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from […]
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Ras Baraka arrest: Trump administration eyes charging three more NJ Democrats in ICE fracas
Mayor Ras Baraka of Newark in handcuffs outside Delaney Hall detention facility in Newark, NJ on May 9, 2025. Courtesy: Newark Mayor’s Office The Trump administration suggested Saturday that New Jersey Democratic lawmakers involved in a clash a day earlier with authorities at a federal immigration detention center that led to the arrest of Newark Mayor Ras […]
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Why Pope Leo chose his name: AI, workers’ rights, new Industrial Revolution
Newly elected Pope Leo XIV, Cardinal Robert F. Prevost of the U.S., appears on the balcony of St. Peter’s Basilica at the Vatican, May 8, 2025. Dylan Martinez | Reuters Pope Leo XIV said Saturday that he selected his name in part to commemorate Pope Leo XIII for his commitment to social issues and workers’ […]
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India and Pakistan agree to immediate ceasefire
India’s Foreign Secretary Vikram Misri holds a press briefing at Ministry of External Affairs (MEA) in New Delhi, India, May 10, 2025. Anushree Fadnavis | Reuters India and Pakistan have agreed to an “immediate ceasefire,” President Donald Trump said Saturday, following days of rising tensions and fighting between the two nations. “After a long night […]
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First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports
Container ships sit docked at the Port of Los Angeles on May 06, 2025 in San Pedro, California. Justin Sullivan | Getty Images News | Getty Images The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 […]
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