At the Purfeerst farm in southern Minnesota, the soybean harvest just wrapped up for the season. The silver grain bins are full of about 100,000 bushels of soybeans, which grab about $10 a piece. This year, though, the fate of the soybeans, and the people whose livelihoods depend on selling them, is up in the air: America’s soybean farmers are stuck in the middle of a trade war between the US and China, the biggest purchaser of soybean exports, used to feed China’s pigs. “We are gonna have to find…
Tag: Trump administration
Delayed US report on global human trafficking is released
The US Department of State has released a long-delayed, legally required report on human trafficking after an investigation by the Guardian and bipartisan pressure from Congress. The 2025 Trafficking in Persons (TIP) report, which details conditions in the United States and more than 185 countries, was initially scheduled for release at an event in June featuring the US secretary of state, Marco Rubio, the Guardian has reported, but the event was scrapped and staff at the state department office charged with leading the federal government’s fight against human trafficking were…
Trump says Rupert and Lachlan Murdoch likely part of US TikTok investor group
Rupert Murdoch and his son Lachlan Murdoch will probably be part of a group of investors that will buy TikTok, Donald Trump said in an interview on Sunday. The president was asked about the status of the sale of the app during an interview with Peter Doocy on The Sunday Briefing on Fox News. Trump administration officials have signaled that a deal for the Chinese-owned social media platform was imminent, though there has been some confusion about the status of the agreement. Trump said moguls Larry Ellison and Michael Dell…
Trump says Xi Jinping has agreed to approve TikTok deal, but details unclear
Donald Trump said on Friday that he and Xi Jinping had agreed to approve a deal over TikTok. “He approved the TikTok deal,” Trump said about Xi to reporters in the Oval Office, suggesting the leaders signed off on a preliminary agreement. But Trump offered no details about the agreement or when it would be signed. The American and Chinese leaders had connected over a phone call earlier in the day, the first direct contact between the two leaders since June. China and the US have been at loggerheads over…
Trump celebrates TikTok deal as Beijing suggests US app would use China’s algorithm
Donald Trump has claimed his administration has reached a deal with China to keep TikTok operating in the US, amid uncertainty over what shape the final agreement will take, with suggestions from the Chinese side that Beijing would retain control of the algorithm that powers the site’s video feed. “We have a deal on TikTok … We have a group of very big companies that want to buy it,” Trump said on Tuesday, without providing further details. The deal, which was negotiated in Madrid between US treasury secretary Scott Bessent…
US and China reach deal to transfer TikTok ownership, trade officials say
Jamieson Greer, a US trade representative, said on Monday that Washington and Beijing have struck a framework agreement on transferring TikTok to US-controlled ownership. Speaking after emerging from negotiations with Chinese officials, Scott Bessent said the deal was coming but declined to reveal the commercial terms. “We have a framework for a TikTok deal,” the treasury secretary told reporters after coming out of high-level talks in Madrid. “We’re not going to talk about the commercial terms of the deal. It’s between two private parties, but the commercial terms have been…
One by one, leaders learn that grovelling to Trump leads to disaster. When will it dawn on Starmer? | Simon Tisdall
Sucking up to Donald Trump never works for long. Narendra Modi is the latest world leader to learn this lesson the hard way. Wooing his “true friend” in the White House, India’s authoritarian prime minister thought he’d conquered Trump’s inconstant heart. The two men hit peak pals in 2019, holding hands at a “Howdy Modi” rally in Texas. But it’s all gone pear-shaped thanks to Trump’s tariffs and dalliance with Pakistan. Like a jilted lover on the rebound, Modi shamelessly threw himself at Vladimir Putin in China last week. Don…
Trump tariffs: global parcel shipments to US lose exemption
The US tariff exemption for package shipments valued under $800 officially ended on Friday, raising costs and disrupting supply chain models for a range of businesses, with Trump administration officials saying the change would be permanent. There is now a six-month transition period under which postal service shippers can opt to pay a flat duty of $80-$200 per package depending on the country of origin, the officials added. The US Customs and Border Protection (CBP) agency began collecting normal duty rates on all global parcel imports, regardless of value, after…
Trump’s China trade truce extension spurs market rally
Donald Trump’s decision to extend a truce in the trade war with China has triggered a stock market rally across the globe. On Monday night, the US president signed an executive order extending the deadline for higher tariffs on China until 10 November. Beijing said early on Tuesday it would suspend additional tariffs on US goods for a further 90 days. In response, markets in Japan and Australia hit record highs on Tuesday, as expectations grow that the US and China could secure a trade agreement before the end of…
Trump sparks concern after suggesting he might allow sales of Nvidia’s advanced AI chips in China
Donald Trump has suggested he might allow Nvidia to sell chips in China that are more technology advanced than currently permitted, despite deep-seated fears in Washington that Beijing could harness US artificial intelligence capabilities to supercharge its military. In a briefing on Monday, the president suggested he could “make a deal” for Nvidia to sell a downgraded version of its flagship Blackwell chip in China. The move could open the door to China securing more advanced computing power from the US, even as the two countries battle for technology supremacy,…