China, Trump
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The trade truce between the US and China appears increasingly fragile, as both sides trade barbs just more than a week after sending markets into euphoria by pausing sky-high tariffs on one another. China’s Commerce Ministry said Wednesday that it would take legal action against any organization or individual assisting the US in discouraging the use of China’s advanced semiconductors.
A social network analysis firm says it uncovered over 1,000 fake X accounts seeking to influence public opinion on Trump's tariffs.
Related: Tariffs to hit a grocery item already battered by price hikes The obsession has only deepened on Reddit, where entire threads are dedicated to swapping flavor hacks and sharing tips with new users.
1don MSN
St. Louis Fed president Alberto Musalem said that even after President Trump's 90-day trade truce with China, tariffs at their current levels could have a 'significant' impact on the economy in the short term.
Kevin O'Leary, the Shark Tank investor, recently discussed the reciprocal tariffs that China will impose on the United States on July 9, 2025.
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3don MSN
The steep drop in tariff rates on Chinese goods shipped to the United States might have consumers thinking there’s significant relief in sight — at least compared to before. But in practice it might not feel that way.
China’s industrial output expanded faster than expected in April while consumption disappointed, highlighting the challenges facing the world’s second-largest economy despite a quick de-escalation of trade tensions with the US.
5don MSN
President Trump’s pause on the steepest China tariffs masks the true cost many importers are facing from stacking of trade taxes.