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Bessent believes China impasse over tariffs will de-escalate

Business

Bessent believes China impasse over tariffs will de-escalate

Treasury Secretary Scott Bessent told an investor summit on Tuesday that he expects the U.S. and China will de-escalate the impasse over tariffs because it's unsustainable for both countries, FOX Business has learned.Bessent said that while negotiations haven't started, a deal is possible, a source who attended the investor summit told FOX Business. The summit was closed to the media and public and hosted by JPMorgan Chase. Bloomberg first reported […]

todayApril 22, 2025 10

House Republican asks Trump DOJ to criminally prosecute ex-New York Gov Andrew Cuomo

Politics

House Republican asks Trump DOJ to criminally prosecute ex-New York Gov Andrew Cuomo

House Oversight and Government Reform Committee Chair James Comer, R-Ky., referred former New York Gov. Andrew Cuomo to President Donald Trump's Justice Department for criminal prosecution. Cuomo – the Democratic scion now considered the current frontrunner in the New York City Democratic mayoral primary in June – was first referred to the Biden Justice Department for criminal prosecution in October 2024. Former Rep. Brad Wenstrup, then-chairman of the House Select Subcommittee […]

todayApril 22, 2025 10

China asks South Korea not to export rare earth products to US defense, warns companies could be sanctioned

Business

China asks South Korea not to export rare earth products to US defense, warns companies could be sanctioned

Beijing has asked South Korean companies to cease exporting products containing Chinese-originated heavy rare earth metals to U.S. defense firms, warning that Seoul could face sanctions. China’s Ministry of Commerce sent official notices to at least two South Korean companies recently, the Korea Economic Daily reported on Tuesday, citing sources in the South Korean transformer industry.The outlet said the letters did not specify what type of penalties South Korean companies could […]

todayApril 22, 2025 15

Trump’s third term trial balloon gets resounding response in new poll

Politics

Trump’s third term trial balloon gets resounding response in new poll

President Donald Trump has repeatedly teased a 2028 run for a third term in the White House, which is prohibited by the U.S. Constitution.Now a new poll indicates Americans are far from thrilled with the prospect."It will be the greatest honor of my life to serve, not once but twice or three times or four times," Trump said at rally in Nevada in late January, less than a week after […]

todayApril 22, 2025 11

Democrats’ El Salvador trip lampooned by Senate GOP group in faux tourism ad: ‘¡Bienvenidos!’

Politics

Democrats’ El Salvador trip lampooned by Senate GOP group in faux tourism ad: ‘¡Bienvenidos!’

The National Republican Senatorial Committee (NRSC) lampooned Maryland Democratic Sen. Chris Van Hollen’s trip to El Salvador to aid deportee and alleged gang member Kilmar Garcia in an ad Tuesday, while appearing to foreshadow more potential trips from members of the upper chamber’s minority party."¡Bienvenidos a El Salvador Senate Dems!," the NRSC said in a statement."Democrats should feel free to make their trip to hang out with MS-13 gangbangers one-way."In […]

todayApril 22, 2025 8

Rubio overhauling ‘bloated’ State Department in sweeping reform

Politics

Rubio overhauling ‘bloated’ State Department in sweeping reform

The Trump administration has announced it is overhauling the State Department and shuttering more than 130 offices around the world in order to streamline operations and align the department more closely with the administration's foreign policy objectives.The move was announced on Tuesday by Secretary of State Marco Rubio, who said region-specific functions will be consolidated to increase functionality and redundant offices will be shut down. Programs that are misaligned with […]

todayApril 22, 2025 12