President Donald Trump struck a conciliatory tone on Sunday, Ocotber 12, calling for restraint in the ongoing trade dispute with China and expressing personal respect for Chinese President Xi Jinping. His remarks, shared on Truth Social late in the evening, came as relations between Washington and Beijing grew increasingly tense over new tariffs and export…
For months, bubbling trade tensions between China and the US seemed to calm to a simmer, with words like “thaw” and “truce” swapped in for warnings of economic “war.” Now, hostilities appear to be returning to full boil. A series of tit-for-tat moves this week by the two superpowers has thrust trade hostilities back in…
The euro gained on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest in a flurry of deals to avert a global trade war. Meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal, which…
Asian shares were off to a tepid start at the open Tuesday after a rebound in big tech drove US stocks higher. A regional stock index swung between small gains and losses while equity-index futures for the US dipped 0.2%. Bonds were steady in early Asian trading and the dollar was little changed after hitting…
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department…