Treasury Secretary Scott Bessent is heading to Switzerland for the U.S.-China trade talks on Saturday, the first since the trade war intensified. Both nations need dialogue, with China reliant on U.S. cash and consumer spending, prompting its recent interest rate cuts to bolster its economy hit by tariffs. Bessent, known for strategic planning, is expected to leverage tariffs to force negotiations, though China’s trade officials may issue tough public statements. Behind-the-scenes talks suggest deeper preparations. The Federal Reserve meets tomorrow, with outcomes pending. President Trump is set to make a significant announcement by Monday and will travel to the Middle East next week, signaling major policy moves. Meanwhile, Pakistan labeled India’s recent bombing an act of war, escalating regional tensions. Former President Biden criticized Trump for allegedly appeasing Putin in a BBC interview, raising questions about his motives. These developments underscore a critical weekend of economic diplomacy, geopolitical friction, and domestic political maneuvering, with Bessent’s talks, Trump’s plans, and global conflicts shaping the near-term international landscape.
- Scott Bessent is going to Switzerland. China has to come to the table, we need to come to the table also. There have been talks that we are not aware of, the Chinese trade guy is going to make public tough comments. China needs these talks. Scott Bessent is not the kind of person that doesn’t have a plan. There has been a plan all along that tariffs will bring people to the table. The Chinese don’t want their own money, they need US cash and American impulse purchasing.
- The Fed is meeting tomorrow and we will find out what will happen. China cuts interest rates to shore up the economy hit by the Trade war. As soon as these talks were announced China cut the interest rates.
- Pay attention this weekend. Trump has a big announcement. Trump is going to the Middle East next week. Bessent is going to be with the Chinese Saturday.
- Pakistan calls India bombing an act of war.
- Biden says Trump is appeasing Putin, that’s now who we are. Why did Joe Biden sit down with the BBC.