Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Category: United States International Relations
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Trump Officials Look to More Managed Approach to Trade With China
The New York Times – Business:The administration has begun discussing a new “Board of Trade” with China to try to balance what U.S. officials see as an unequal economic relationship.
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Why Trump’s Strait of Hormuz Problem Is Going Global
The New York Times – Business:President Trump is getting little to no support so far for his call that other countries do their part to try to ease an energy crisis prompted by U.S.-Israeli attacks on Iran.
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U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
The New York Times – Business:Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
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Trump to Target Forced Labor in Global Tariff Scheme
The New York Times – Business:The Trump administration is expected to begin a trade investigation into whether dozens of countries have policies to combat forced labor.
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Trump’s Actions in Iran and Venezuela Show Limits of U.S. Sanctions
The New York Times – Business:America’s vast economic powers are able to wear down an adversary’s economy but are insufficient to topple leaders on their own.
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Japan and Germany Say They Will Release Oil
The New York Times – Business:Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
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A Trump-Xi Summit Nears, but China Doesn’t Know What Trump Wants
The New York Times – Business:Trump’s agenda for the high-stakes meeting remains unclear to Beijing, Chinese analysts say, while American executives say they haven’t been invited along.
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Trump Directs Iran War Keeping Markets Top of Mind
The New York Times – Business:President Trump again demonstrated his desire to keep the stock markets aloft when he suggested U.S. attacks on Iran could end soon.
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How Trump and His Advisers Miscalculated Iran’s Response to War
The New York Times – Business:In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.