US tariffs

US Treasury Secretary Scott Bessent announced Friday that he will meet Chinese Vice Premier He Lifeng in Malaysia next week in a bid to avert an escalation of tariffs between the world’s two largest economies.

Nine months into his return to office, US President Donald Trump continues to insist that US inflation is no longer a concern. “Prices are ‘WAY DOWN’ in the USA,” he declared on social media in August, asserting that inflation is “virtually over.”