U.S.-China tariff talks to continue Sunday, official tells t | Latosha Hostert efLh on Binance Square

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U.S.-China tariff talks to continue Sunday, official tells the AP
https://www.cnbc.com/2025/05/10/us-china-tariff-talks-to-continue-sunday-official-tells-the-ap.html?
#TariffTensions  

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Dow futures tumble 500 points as Trump threatens new tariffs against the EU and Apple Tariff again , it might be another good entry point . Europe stocks and bond yields plunge after Trump 50% tariff threat on EU Asked later Friday if he was looking to cut a deal with the EU in the next nine days, Trump said he was not. “I just said, it’s time that we play the game the way I know how to play the game,” he said during an executive order signing event at the White House. “I’m not looking for a deal,” added Trump, who frequently praises tariffs as a clutch negotiating tool and a way to bring in federal revenue. “I mean, we’ve set the deal. It’s at 50%.” #Tarrifwars

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China accused the U.S. of undermining the two countries’ preliminary trade agreement reached in Geneva, Switzerland. The remarks came in response to a U.S. industry warning against using Chinese chips, “including specific Huawei Ascend chips.” “If the U.S. insists on its own way and continues to substantially damage China’s interests, China will take resolute measures to safeguard its legitimate rights and interests,” a spokesperson said. #TarriffsPause

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A new Bitcoin Improvement Proposal seeks to rebrand the top cryptocurrency's base unit. The proposal suggests modifying the base unit from "satoshis" to "Bitcoins." Jack Dorsey and other prominent Bitcoiners support the move, while others believe it will cause confusion or muddle the scarcity narrative #BTC

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U.S. will remove all sanctions on Syria “I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness,” President Donald Trump told a packed auditorium in Riyadh, Saudi Arabia. Syria has been designated a state sponsor of terrorism by the U.S. government since 1979. “Now, it’s their time to shine. We’re taking them all off. ... Good luck Syria,” Trump said.

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The White House announced Saudi Arabia’s commitment to invest $600 billion in a series of deals with the United States. Among the agreements secured is a nearly $142 billion defense sales deal providing the kingdom with “state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms,” the White House said. That commitment is nearly double Saudi Arabia’s 2025 defense budget, which totaled $78 billion. The White House’s announcement does not say when the defense deal is expected to conclude.

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