The person picked to replace Jerome H. Powell will be thrust into a credibility problem that will be difficult to escape.

© Tierney L. Cross/Bloomberg; Eric Lee/The New York Times

The Treasury Secretary said on Sunday he recently shed his holdings to comply with his federal ethics agreement.

President Trump has used his sweeping global tariffs as an economic tool and a political cudgel. A decision invalidating them could hamper his power.

Neither President Trump nor Chinese officials indicated any new developments for the popular video app. Treasury Secretary Scott Bessent previously suggested they could “consummate” transfer of control from its Chinese owner.

Xi now sees our weakness and will try to exploit it, perhaps leaving America a diminished presence in Asia.

The Trump administration is hailing a potential deal that may return the U.S.-China relationship to where it was before the president began a trade war against Beijing.

Investors sent major global indexes higher on optimism that President Trump and China’s top leader, Xi Jinping, could reach a wider agreement this week.