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President Trump dialed back the heat on China Sunday, just days after threatening a massive 100% tariff on all Chinese imports in response to Beijing’s new export controls.
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China announced new restrictions on rare earths and related technologies on Thursday, tightening control over materials vital to both high-tech gadgets and military gear - just weeks ahead of a key meeting between President Donald Trump and Chinese leader Xi Jinping.
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The nation’s top market watchdog says it is giving top priority to Donald Trump’s proposal to scale back the frequency of corporate earnings reports, after the president once again waded into the long-running battle over transparency in American capitalism.
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A lower court previously found that the president overstepped his authority by imposing tariffs under a law intended only for national emergencies.
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The president warned that any ruling against him could ‘shatter’ the ‘financial fabric of our country,’ portraying the stakes as nothing less than catastrophic.
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Swiss Re warns that U.S. tariff policies are undermining trade and stoking geopolitical tensions, contributing to a broader slowdown in global growth and, in turn, insurance premium expansion.
President Trump dialed back the heat on China Sunday, just days after threatening a massive 100% tariff on all Chinese imports in response to Beijing’s new export controls.
