trade agreement

Search documents
Trump says DOJ should target Obama for allegations about the 2016 election
NBC News· 2025-07-22 17:15
President Trump at the White House with Philippine President Marcos in the Oval Office. He took questions from reporters where he continued his criticism of Fed Chair Jerome Powell calling for the Fed to lower interest rates. He also said the DOJ should target former presidents Obama and Biden.He blamed them for the 2016 Russia election interference investigation, alleging Obama administration officials manipulated intelligence to try and undermine the legitimacy of the election that year. The president did ...
Bessent: Imposing Aug. 1 tariffs 'will put more pressure' on trade partners for deals
CNBC Television· 2025-07-21 16:30
Again, Becky, we'll see what the president wants to do, but again, I if we somehow boomerang back to the August 1st tariffs, I would think that a higher tariff level will put more pressure on those countries to come with better agreements. We just reached an agreement with Indonesia and I saw five turns of their offers and this started several months ago. I thought their first offer was very good.They came back, the offer kept getting better and better and we ended up with a fantastic trade agreement. I thi ...
Trump says US-China deal is done, but this analyst says it's just 'temporary cease fire'
Yahoo Finance· 2025-06-11 22:33
Trade Agreement Analysis - The agreement between the US and China is viewed as a temporary ceasefire rather than a significant advancement [2] - Tariffs are expected to remain at their previous levels [2] - China will export more rare earth minerals to the US, and the US will remove some export controls [3] - The specifics of which export controls will be removed and the scale of rare earth exports remain unclear [3][4] Leverage and Trade Dynamics - China has leverage due to its control over the export of essential materials like rare earths and industrial magnets [5][6] - Small industrial magnets are crucial for the automobile industry and other high-tech sectors [6] - The extent to which Chinese consumers and exporters are feeling the pressure from elevated tariffs is uncertain [6] - The initial assumption that the US had significant leverage due to China's economic situation appears to be less accurate than anticipated [6][7] US Objectives and Potential Outcomes - The Trump administration initially sought a restructuring of the Chinese economy, including an end to subsidies, overcapacity, and intellectual property theft [9] - Previous agreements resulted in Chinese promises to buy more goods, which were not fully kept [9][10] - Future outcomes are likely to involve small concessions from China and commitments to increase purchases [10] - Major changes in the Chinese economy are not expected [11]