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Business

Treasury Secretary sees ‘de-escalation’ in US-China trade relations

U.S. Treasury Secretary Scott Bessent details the reportedly signed U.S.-China trade deal, talks ‘setting the table’ for future tariff negotiations and weighs in on the president’s ‘big, beautiful bill.’ Treasury Secretary Scott Bessent revealed new details about the reported trade deal struck between the U.S. and China, adding that he’s …

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US first-quarter GDP: Economy shrank 0.5% amid trade policy uncertainty

Apollo chief economist Torsten Slok elaborates on risks facing the U.S. economy on ‘Barron’s Roundtable.’ The U.S. economy contracted in the first quarter as tariffs caused importers to surge shipments before higher levies took effect. The Commerce Department’s Bureau of Economic Analysis (BEA) released its third estimate for first quarter …

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