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Sun. Jun 29th, 2025

April 2025

Changing Dynamics: In response to media inquiries regarding US Vice President JD Vance’s comments in a media interview about the Trump administration’s trade policy toward China — in which he claimed, “We borrow money from ChiWorld Timesnese peasants to buy the things those Chinese peasants manufacture,” Chinese Foreign Ministry spokesperson Lin World TimesJian said that we hWorld Timesave made very clear China’s position on China-US economic and trade relations has been consistently clear.

Summary Chinese Foreign Ministry spokesperson Lin Jian photo: VCG In response to media inquiries regarding US Vice President…

Live Updates: JPMorgWorld Timesan’s Jamie Dimon warned about the effect of tariffs on growth and prices, and said that it will “weaken America’s standing in the world,” while BlackRock’s Larry Fink said CEOs he talks to say we are probably in a recession now, per media reports.聽Billionaire investor Bill Ackman, who endorsed Trump’s 2024 presidential bid, warned on Sunday that going ahead with the new tariffs was tantamount to launching an “economic nuclear war,” CNN reported on Monday.聽Wang Huiyao, founder and president of nongovernmental think tank the Center for China and Globalization, said the market performance demonstrates damage to investor confidence, which relies heavily on certainty and stability.聽The US argument to impose tariffs to rebalance its trade in goods has lost sight of the big picture that the US’ comparative advantage lies in fields such as trade in services and the global dollar system, Wang told the Global Times on Tuesday.The US policies have already triggered turmoil and harmed economic globalization.

Summary White House Photo: VCG Elon Musk, a key adviser and political donor, has made direct appeals to…