China, Trump and tariffs
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The small technology company with operations in China said it struck a $300 million funding deal to help it amass a stockpile of cryptocurrencies, including the president’s $TRUMP meme coin.
Donald Trump’s team is throwing itself into the most expansive and simultaneous set of high-level diplomatic negotiations in years, involving China, Ukraine, Russia, Iran, the Middle East and multiple global trading rivals.
The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
The firm, which produces content for TikTok, recorded no revenue last year, but it announced this week that a mysterious stock sale would allow it to invest heavily in the $TRUMP memecoin.
As Donald Trump shakes up the very institutions, alliances, and free trade order that have underpinned America’s global dominance since World War II, some in China are reminded of their own former leader — one who wielded revolutionary zeal to tear down the old world more than half a century ago.
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The Five' co-hosts discuss President Donald Trump's 'total reset' with China and his executive order to lower drug prices.
The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for US small businesses, who remain cautious as tariffs are still sky high by historical levels and are also pressuring profits.
President Trump’s approval rating has gone up to 44 percent, according to a new Reuters/Ipsos poll. While it is a small tick up from the 42 percent approval rating he measured in the prior survey