U.S. and Chinese officials have shaken hands, at least for now, on a 90-day ceasefire in their tit-for-tat trade war, agreeing to roll back some of their recently imposed tariffs. This is a story about two heavyweight economies, a global marketplace on edge, and the everyday folks with skin in the game. The stock markets responded with a bounce in their step. The two biggest … [Read more...] about US and China Agree to 90-Day Trade War Truce, Slash Tariffs in Breakthrough Deal
Tariffs
Trump Proposes Major Tariff Reduction on Chinese Imports Ahead of Crucial Trade Talks
President Donald Trump is dangling the bait of cutting tariffs on China to 80%, a move that seems calculated to take some heat out of the ongoing trade war. The statement was made on Trump's stomping ground, Truth Social, where he voiced his sentiments in simple terms: "80% Tariff on China seems right!" Top U.S. brass, including Treasury Secretary Scott Bessent and U.S. … [Read more...] about Trump Proposes Major Tariff Reduction on Chinese Imports Ahead of Crucial Trade Talks
Apple to Shift Chip Sourcing to U.S. in $19 Billion Move
Bloomberg reports that Apple will purchase more than 19 billion chips in the US from this year to reduce its dependency on China and to shift manufacturing to the United States and India. Tim Cook, Apple's Chief Executive Officer, said during the much-anticipated earnings call on Thursday that Apple will rely on Taiwan Semiconductor Manufacturing Company more as it builds a … [Read more...] about Apple to Shift Chip Sourcing to U.S. in $19 Billion Move
Unrest Flares in China as Trump Tariffs Disrupt Factory Work
We're seeing widespread unrest in China. Why? Trump's tariffs are finally holding China accountable for decades of intellectual property theft and unfair trade practices. The left claims this is hurting American consumers, but that's just not true. Here's the reality: China's export-driven economy is feeling the squeeze, and that's exactly the point. The data clearly shows … [Read more...] about Unrest Flares in China as Trump Tariffs Disrupt Factory Work
Chinese State Media Reports, Washington Reached Out to China for Tariff Talks
We have reports from Chinese state media claiming the U.S. is "proactively reaching out" for tariff discussions. But here's where the logic breaks down: China's foreign ministry spokesperson explicitly stated there have been no consultations or negotiations. So either China is lying to its people, or these reports are fabricated. Neither option paints a flattering picture of … [Read more...] about Chinese State Media Reports, Washington Reached Out to China for Tariff Talks