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The Latest Breaking News from Kevin Hassett

White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in Geneva

The Guardian - UK

U.S. says deal struck in tariff talks with China will help global trade deficit as White House signals reboot in relations

“It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”

Fortune

China Pushes South Korea to Stop Supplying US With Critical Rare Earth Products

China urges South Korea to stop exporting rare earth products to U.S. defense firms, raising global trade tensions.

Latin Times

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Trump Looking Into Whether He Can Fire Fed Chair Jerome Powell Despite Central Bank Independence

President Donald Trump is studying whether he can fire Fed Chair Jerome Powell, said National Economic Council Director Kevin Hassett

Latin Times

Trump moves closer to semiconductor tariffs, floats pause on auto duties

US president says he is looking at offering relief to automakers as they adjust their supply chains.

Al Jazeera

Did Trump really ‘exempt’ Chinese phones, chips from tariffs?

Trump only rolled back tariffs imposed since April 2. Laptops, phones and semiconductors still face hefty levies.

Al Jazeera

Trump team tries to bolster confidence after tariffs chaos in markets

While investors remain anxious about the impact of tariffs on global markets, White House advisors are warning against panic. The fast-changing nature of Trump's trade policies means this message is — however — hard to swallow.

Euronews

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Labour MPs urge ministers to focus on rebuilding trading relationship with EU

Call to prioritise reset with Europe comes after top adviser to Trump downplays prospect of US tariffs being reduced

The Guardian - UK

UK ‘resolved to get best deal’ with US despite American doubts about carve out

Rachel Reeves is travelling to Poland on Friday to meet European finance ministers.

Evening Standard

Trump’s economic adviser dampens Starmer’s hopes of tariffs relief

It would take an ‘extraordinary deal’ for any country to improve on 10% rate, says Kevin Hassett

The Guardian - UK

US stocks down as trade war with China deepens

The White House says President Donald Trump’s tariffs on imports from China is currently 145 percent.

Al Jazeera

Fund managers quietly fear Trump doesn’t have a tariff plan and that he ‘might be insane’

Some fund managers concerned ‘that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology’

The Independent UK

The Latest: S&P 500 falls 2% at the open despite Trump’s tariff pause

U.S. stocks are giving back some of their historic gains from the day before as Wall Street weighs a global trade war that has cooled in temperature but is still threatening the economy

The Independent UK

Ron Wyden says the U.S. economy 'has gone from the envy of the world to a laughingstock in less time than it took to finish March Madness'

The senator laments how Trump and his advisors refuse to give a straight answer about the end-goal of tariffs.

Fortune

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Reason

Trump's Manly Tariffs

Plus: Supreme Court in a holding pattern, NYC acts like money grows on trees, and more...

Euronews

How a false headline about a tariff 'pause' triggered a wild stock market jump

US markets briefly surged on Monday amid false rumours that President Donald Trump was mulling a 90-day pause on tariffs, before they plunged again. Euroverify investigates.

The Guardian - US

Wall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’

Traders leaving the New York Stock Exchange were trying to make sense of another day of volatility

Salon

Fake tariff news causes market whiplash

A single post from a verified account on X caused the market to surge and then fall within minutes

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The Independent UK

Wall Street gets its Trump wake-up call

Analysis: Wall Street is freaking out about Trump’s trade war. But it was always in plain sight

The Independent UK

Bogus report on tariff pause briefly lifted markets before White House denied it

A bogus rumor that President Donald Trump was considering a pause in tariffs briefly lifted markets Monday before the White House shot down the unfounded reports

Fortune

False report of Trump considering a 90-day tariff pause sends markets on a wild ride

The unverified rumor, since debunked, came from an anonymous X account named Walter Bloomberg.

Latin Times

Markets Spike Over Quote About Trump Considering a Pause On Tariffs, Dip Again After Proven False

Markets suddenly spiked on Monday over a quote attributed to the director of the National Economic Council. They dipped again after it was proven false

The Independent UK

Seesaw day ends with Dow down as Trump’s tariff reports send stock markets on wild swings

Claims that Kevin Hassett said Donald Trump is considering a 90-day pause on tariffs are ‘fake news’

Latin Times

Market Panic Deepens As China Retaliates Against Trump Tariffs

Hong Kong's Hang Seng plunged more than 13 percent, its biggest drop since the 1997 Asian financial crisis, while in Japan the Nikkei 225 index fell an eye-watering 7.8 percent.

International Business Times

Market Panic Mounts As World Scrambles To Temper Trump Tariffs

"Sometimes you have to take medicine to fix something," Trump said of the market pain that has seen trillions of dollars wiped off the value of US companies since the beginning of his tariff rampage.

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