U.S. President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday. Citing “a substantial rise in trade barriers’’ but without mentioning Trump by name, the 189-country lender predicted that the U.S. economy – the world’s largest – would grow … Read more
“China has already approved a certain number of compliant applications and will continue to strengthen the approval process for compliant applications,” it said in a statement. Despite Beijing’s offer of dialogue, experts say China is unlikely to completely remove the restrictions and is “flexing its muscles.” That was clear to members of the foreign business … Read more
Cargo shipping containers are loaded with cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025. Fabian Bimmer | Afp | Getty Images The World Bank sharply cut its global economic growth projections Tuesday, citing disruption from trade uncertainty in particular. It now expects the … Read more
U.S. Commerce Secretary Howard Lutnick said on Tuesday trade talks with China were going well as the two sides met for a second day in London, seeking a breakthrough on export controls that have threatened a fresh rupture between the superpowers. Having agreed to step back from a full-blown trade embargo at a first round … Read more
This picture shows signage of cross-border fast fashion e-commerce company SHEIN. Jade Gao | Afp | Getty Images Fast fashion giant Shein is reportedly set to boost its manufacturing in India with a view to bolstering its international supply chains amid the ongoing U.S.-China trade war. The Chinese-founded, Singapore-headquartered brand and Indian partner Reliance Retail … Read more
We’ve seen this movie before. We may end up seeing it again today. By getting the word out early Monday that the Packers will be releasing veteran cornerback Jaire Alexander, the Packers could be trying to beat the bushes for a trade partner. It has happened many times. And here’s how it goes: The new … Read more
By Staff The Associated Press Posted June 9, 2025 9:52 am 2 min read Descrease article font size Increase article font size High-level delegations from the United States and China are meeting in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy. A … Read more
TangMan Photography | Getty Images U.S. President Donald Trump’s top trade officials are meeting their Chinese counterparts in London on Monday for talks aimed at resolving an ongoing trade dispute between the world’s two largest economies. U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer are representing the U.S. China’s … Read more
Treasury Secretary Scott Bessent and two other Trump administration officials will meet with their Chinese counterparts in London on Monday for renewed trade talks, President Donald Trump said. Bessent, who has been leading the administration’s efforts to craft a deal with Beijing, will be joined by Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson … Read more
In the waning moments of Game 1 of the NBA Finals on Thursday, four players played a pivotal role: Indiana Pacers guards Tyrese Haliburton and Andrew Nembhard, Oklahoma City Thunder guard Shai Gilgeous-Alexander and Thunder forward Jalen Williams. After Williams (off a Gilgeous-Alexander pass) missed a 3-pointer that would have given the Thunder a 9-point … Read more