US Treasury Secretary Scott Bessent signaled Thursday that "substantial support" for farmers would be announced next week, particularly for those growing soybeans, as they struggle with fallout from President Donald Trump's trade conflicts. "You should expect some news on Tuesday on substantial support for our farmers, especially the soybean farmers," Bessent told CNBC early Thursday.
They unlock vehicles with just the touch of a button, but the manufacturing of electronic car keys is anything but simple, illustrating the potential complexities and costs of US President Donald Trump's threatened tariffs. Trump's promised tariffs threaten to erode these benefits, particularly if a levy is charged multiple times.
US President Donald Trump said Thursday that he would impose an added 10 percent tariff on Chinese imports while moving ahead with levies on Canada and Mexico next week, citing "unacceptable" fentanyl smuggling. Earlier this month, Trump already imposed a sweeping 10 percent tariff hike on imports from China, prompting Beijing to retaliate.
The high debt saddling the world's poorest countries needs an urgent reset to avoid multiple crises, African leaders said Thursday as they launched an initiative for debt relief and fairer borrowing terms.
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