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Vaughan-Bassett sees strong domestic demand despite China tariff easing
Doug Bassett, president of Galax-based Vaughan-Bassett Furniture, said the recent developments and the ongoing uncertainty around trade are having a positive impact on the company’s business because it lacks much direct exposure to China in their supply chain.
US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks
The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and renewing hopes for a long-term deal.
Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation
Wall Street marks its longest win streak since 2004 as job growth beats forecasts and optimism grows over easing U.S.-China trade tensions.
Ocean freight outlook 2025: tariffs, crisis fuel chaos
Ocean freight faces uncertainty in 2025 due to Red Sea crisis, U.S.-China tariffs, and overcapacity from new vessels and shifting port strategies.
US Treasury secretary says trade war with China is not ‘sustainable’
WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies. But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks between the United States […]
