After three days of global market turmoil not seen since the early days of the Covid-19 pandemic, stocks in Asia regained a measure of calm on Tuesday despite little let up in the escalating trade tensions caused by President Trump’s tariffs. Before markets opened in China, the government unleashed a series of measures to stabilize … Read more
Last Wednesday, the Trump administration believed it had a plan to save TikTok. ByteDance, TikTok’s Chinese owner, along with some of its U.S. investors and officials in Washington had coalesced around a new ownership structure for the popular video app, four people familiar with the situation said. That structure, the people said, would help TikTok … Read more
As a partner at Cadwalader, Wickersham & Taft, Wall Street’s oldest law firm, Todd Blanche had represented people close to President Trump over the years. But in 2023, when Mr. Trump was facing multiple criminal investigations and Mr. Blanche wanted to represent him, most of the firm’s leadership balked at the idea, according to people … Read more
Source: U.S. International Trade Commission Note: Boxes sized by value of exports to the United States. Only the 20 largest exporters to the U.S. are shown. The New York Times For now, most world leaders are trying to bargain their way out of the sweeping new American tariffs. Just two of the 20 largest exporters … Read more
Paramount and President Trump are poised to begin mediation in his $20 billion lawsuit against CBS News, according to two people with knowledge of the decision, the latest development in a high-stakes legal battle involving one of America’s major news networks. The two sides picked a mediator for the case in recent days, said the … Read more
Source: U.S. International Trade Commission Note: Boxes sized by value of exports to the United States. Only the 20 largest exporters to the U.S. are shown. The New York Times For now, most world leaders are trying to bargain their way out of the sweeping new American tariffs. Just two of the 20 largest exporters … Read more
Peter Navarro, a senior White House trade adviser, on Monday defended the sweeping tariffs President Trump has imposed on foreign nations and indicated that other countries’ offers to drop their own tariffs on American products would be insufficient to convince the president to retreat. Mr. Navarro, who has been the architect of many of President … Read more
President Trump’s plan to impose sweeping tariffs on most of America’s trading partners has governments across the globe racing to schedule phone calls, send delegations to Washington and offer up proposals to lower their import taxes in order to escape the levies. On Monday, European officials offered to drop tariffs to zero on cars and … Read more
President Trump on Monday issued a new ultimatum to China: Rescind its retaliatory tariffs, or face a 104 percent tax on its exports to the United States starting later this week. The president’s threat risked another major escalation in what has already become a costly and damaging global trade war, one that has roiled financial … Read more
U.S. markets swung wildly this morning on an unsubstantiated report that President Trump was considering a 90-day pause to his expansive tariffs. The White House has not announced any policy change, and later called the report “FAKE NEWS” on one of its official accounts on X. It was not clear where the report originated. Asked … Read more