Created
: 2025.04.29
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US Treasury Sec. Bessent: Trump creating strategic uncertainty in negotiations
World FX news
Breaking news
US Treasury Sec. Bessent: Trump creating strategic uncertainty in negotiations
New
2025.04.29 22:02
2025.04.29 22:02
2025.04.29 22:02
United States (US) Treasury Secretary Scott Bessent said on Tuesday that President Donald Trump is creating "strategic uncertainty" in trade negotiations, per Reuters.
Key takeaways
"Aperture of uncertainty will be narrowing."
"We want long term tariff revenue and deals.",
"Will speak to at least 17 partners over next few weeks."
"Good chance we'll see income tax relief in tax bill."
"Tariff income could be used for tax relief."
"Over time, will see that Chinese tariffs not sustainable for China."
"Don't anticipate supply chain shocks."
"Asia trading partners have been most forthcoming."
"Could see some India announcements."
"Could see South Korea deal contours coming together."
"Had substantial talks with Japan."
Market reaction
These comments don't seem to be having a noticeable impact on the US Dollar's (USD) performance. At the time of press, the USD Index was up 0.15% on the day at 99.08.
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.
Last updated
: 2025.04.29
Related articles
USD/CHF holds ground after tariff relief, jobs data
48 minutes agoEUR/CAD Price Analysis: Euro steadies against Canadian Dollar despite minor pullback
2025.04.30 01:05US Lutnick: Domestic car makers could move supply chains to the US
2025.04.30 00:54EUR/USD Price Analysis: Bullish trend holds despite minor pullback after European session
2025.04.30 00:30GBP/USD slips below 1.34 as risk rally fades, US data disappoints
2025.04.30 00:21USD/CAD continues to hold 1.3800 on slight optimism in US-China trade war de-escalation
2025.04.29 23:53
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Dow Jones rallies 300 points as soft US data fuels Fed rate cut bets
The Dow Jones Industrial Average (DJIA) surged over 300 points or 0.80% on Tuesday as softer-than-expected United States (US) economic data suggested the need for lower interest rates, as witnessed by the fall of US Treasury yields.
New
2025.04.30 02:28USD/CHF holds ground after tariff relief, jobs data
The USD/CHF pair is trading around 0.8900 during the North American session on Tuesday, benefiting from broader US Dollar (USD) strength. US Secretary of Commerce Howard Lutnick revealed White House plans aimed at easing tariffs on US automakers, supporting a mild recovery in global risk appetite.
New
2025.04.30 02:06EUR/CAD Price Analysis: Euro steadies against Canadian Dollar despite minor pullback
The EUR/CAD was seen trading around the 1.5800 zone after the European session on Tuesday, showing little movement on the day after a slight decline. Despite the minor dip, the overall technical setup stays bullish.
New
2025.04.30 01:05US Lutnick: Domestic car makers could move supply chains to the US
US Secretary of Commerce Howard Lutnick unveiled White House's plans for US auto markers.
New
2025.04.30 00:54EUR/USD Price Analysis: Bullish trend holds despite minor pullback after European session
The EUR/USD is flashing a bullish tone on Tuesday's session after the European close, even as the pair slightly retraced from earlier highs and now trades near the mid-1.13 to low-1.14 area. Despite a modest dip during the session, broader technical signals continue to suggest upside potential.
New
2025.04.30 00:30GBP/USD slips below 1.34 as risk rally fades, US data disappoints
The Pound Sterling depreciates against the US Dollar and falls after testing the year-to-date (YTD) high of 1.3443. However, it fails to remain above 1.34 as it extends its losses. At the time of writing, the GBP/USD trades at 1.3379, down 0.29%.
New
2025.04.30 00:21USD/CAD continues to hold 1.3800 on slight optimism in US-China trade war de-escalation
The USD/CAD pair moves slightly higher to near 1.3855 during North American trading hours on Tuesday. The Loonie pair gains as the US Dollar (USD) ticks higher, with investors turning slightly optimistic on de-escalation in the trade war between the United States (US) and China.
New
2025.04.29 23:53China waives tariffs on US ethane imports - Reuters
Citing two sources familiar with the matter, Reuters reported on Tuesday that China has decided to waive the 125% tariff on ethane imports from the United States imposed earlier this month.
New
2025.04.29 23:10US CB Consumer Confidence Index dropped to 86.0 in April
US consumer sentiment extended its decline in April, as the Conference Board's Consumer Confidence Index fell from 93.9 (revised from 92.9) to 86.0--its weakest reading since April 2020.
New
2025.04.29 23:04USD/JPY holds above 142.00 ahead of US JOLTS Job Openings data, BoJ policy eyed
The USD/JPY pair ticks higher to near 142.30 during the North American session on Tuesday. The pair edges up as the US Dollar (USD) steadies ahead of the United States (US) JOLTS Job Openings data for March, which will be published at 14:00 GMT.
New
2025.04.29 22:39Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
