US President Donald Trump begins widely anticipated address to the nation
US President Donald Trump is delivering a primetime address to the nation from the White House on Friday.
Key quotes
Will publish classified U.S. evaluations showing ballot-counting systems susceptible to compromise by China, Russia.
China conducted largest known election data breach starting in 2020 cycle.
China obtained 220 million U.S. voter records.
Intelligence indicates China designated a data exploitation unit specifically for this new project.
Evidence shows election infrastructure exposed to hacking, foreign interference.
Vital information about electoral vulnerabilities has been hidden from public.
Documents to be released starting tonight.
Disclosure of information aims to restore trust in elections.
Documents show that starting in 2020 cycle, China illicitly obtained US Election data.
Documents also show that 'deep state' actively suppressed China election interference.
Documents show China election interference was against trump administration, re-election.
'China wanted me to lose', citing tariff, military policies.
Asking agencies to investigate election interference coverup, concealment of China's meddling.
Market reaction
At the time of writing, the US Dollar Index (DXY) is up 0.01% on the day at 100.73.
US-China Trade War FAQs
Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living.
An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China’s economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies.
The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.
Author
Lallalit Srijandorn
FXStreet
Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.
