United States (US) President Donald Trump told Fox Business Network on Friday that a 100% tariff would not be sustainable and added that they have to have a fair deal with China.
U.S.-China trade tensions are again front and center following the developments of late last week. China's plan to impose strict export controls, especially on rare earth minerals, were matched by new tariff threats from President Trump.
US President Donald Trump lashed out at China over its recent protectionist trade policies, threatening additional targeted trade restrictions if China goes ahead with imposing fresh rare earth mineral export controls and additional port fees for foreign container ships in Chinese ports.
In an interview with Fox Business on Monday, United States (US) Treasury Secretary Scott Bessent noted that they have aggressively pushed back against China's export controls and called in a "provocative move," per Reuters.
China Foreign Ministry spokesperson Lin Jian said during a regular press briefing this Monday that if the US is determined to go its own way, China will resolutely take corresponding measures to safeguard its legitimate rights and interests.
On Friday, Trump threatened China with 100% tariffs on top of the existing rates as a retaliation against China’s new export control measures on rare earth minerals. However, comments received over the weekend appear to downplay the risk of trade war escalation.
AUD/USD is keeping its range near the 0.6700 handle for the third day in a row on Wednesday. The Australian Dollar remains unimpressed by the unexpected expansion in the Chinese business PMIs for December. The year-end trading lull dominates, leaving the pair gyrating in a tight band.
USD/JPY remains caught in near-term congestion below 156.50 on the final trading day of 2025. The pair traders are battling headwinds on multiple fronts, with the Fed- BoJ monetary policy divergence to play out in 2026 amid looming Japanese forex intervention risks.
Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.
Gold price makes another attempt toward $4,400 in Asian trading on Tuesday, keeping the recovery mode intact following Monday's over 4% correction. The bright metal seems to cheer upbeat Chinese NBS and RatingDog Manufacturing and Services PMI data for December.
From the outside this session looked like paint drying. Indexes barely moved. No reaction to Case Shiller. No reaction to the Fed minutes. The S&P 500 parked itself right where it started, and the much-discussed Santa rally stalled into a polite cough.
