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Markets Surge on Hopes of U.S.-China Trade Breakthrough
Markets Surge on Hopes of U.S.-China Trade Breakthrough U.S. stock markets surged Tuesday, closing with robust gains as fresh signals from the White House hinted at a possible thaw in the ongoing trade war with China. Investors responded swiftly to remarks suggesting the months-long standoff between the two economic giants may soon ease, helping markets rebound from recent volatility. Momentum began early in the trading session, but a notable upswing took hold in the afternoon following reports that Treasury Secretary Scott Bessent, speaking at a private investor meeting in Washington, predicted a "de-escalation" in trade tensions with China. “No one thinks the current status quo is sustainable,” Bessent reportedly told attendees at the JPMorgan Chase-hosted event, according to multiple media outlets. While the White House has not officially confirmed the details of Bessent's remarks, press secretary Karoline Leavitt offered a cautiously optimistic tone during a briefing later in the day. “The president and the administration are setting the stage for a deal with China,” Leavitt said. “So we feel everyone involved wants to see a trade deal happen, and the ball is moving in the right direction.” She declined to elaborate directly on Bessent’s comments but confirmed that the administration believes it is “doing very well in respect to a potential trade deal with China.” The upbeat messaging marked a stark contrast from Monday’s gloomy trading session, when markets plunged after President Trump renewed his criticisms of the Federal Reserve. All three major U.S. stock indexes fell by approximately 2.5 percent, reflecting growing investor anxiety over interest rates, trade uncertainty, and weakening global growth. The selloffs also extended to U.S. bonds and the dollar, adding to the financial turbulence. Tuesday's rally helped the markets recoup much of those losses. The Dow Jones Industrial Average leapt by 1,016 points, a gain of 2.66 percent. The NASDAQ, driven by strength in the technology sector, rose 429 points, or 2.71 percent. The S&P 500 also rebounded, climbing 2.5 percent. Adding to the day’s more reassuring tone, President Trump confirmed he has no intention of removing Federal Reserve Chair Jerome Powell, despite ongoing disagreements over monetary policy. That statement, although brief, likely added another layer of stability to investor sentiment, helping temper fears of further political interference with the central bank. The swift turnaround in market performance underscores just how sensitive investors remain to developments in U.S.-China trade talks. With the administration now signaling progress, even subtle shifts in rhetoric appear capable of driving significant market movement. For now, Wall Street is betting on diplomacy prevailing over escalation. Adpated by ASEAN Now from The Hill 2025-04-23 -
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Are Trump's intentions positive, or is he just unhinged?
Perhaps unhinged is the wrong term perhaps malignant would be more appropriate. You seem to spend your time trying to defend the obiously indefensible strange that.personally I find it perfectly normal….nay duty to defend your country when you feel it being assaulted. -
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THAILAND LIVE Thailand Live Wednesday 23 April 2025
Dramatic Rescue at Sea as Trawler Catches Fire and Sinks, All 14 Crew Members Safe Picture courtesy of Matichon. Fourteen crew members were rescued after a dramatic fire broke out aboard a pair trawler, causing it to sink in the Gulf of Thailand. The incident, which occurred roughly 12 nautical miles from the mouth of the Tha Chin River, prompted an urgent response from maritime authorities and nearby vessels. Full story:https://aseannow.com/topic/1358525-dramatic-rescue-at-sea-as-trawler-catches-fire-and-sinks-all-14-crew-members-safe/ -
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Fire Dramatic Rescue at Sea as Trawler Catches Fire and Sinks, All 14 Crew Members Safe
Picture courtesy of Matichon. Fourteen crew members were rescued after a dramatic fire broke out aboard a pair trawler, causing it to sink in the Gulf of Thailand. The incident, which occurred roughly 12 nautical miles from the mouth of the Tha Chin River, prompted an urgent response from maritime authorities and nearby vessels. The Marine Department confirmed that the vessel involved was the Chok Phanitkit 4, a 122.26 gross-tonne pair trawler registered under number 397502232. According to reports from the First Naval Area Command (ศรชล.ภาค 1), the fire erupted while the vessel was operating at sea, sending thick plumes of smoke into the sky. Coordinates placed the incident at Latitude 13° 20.260’ North and Longitude 100° 23.427’ East. Fortunately, all 14 crew members were successfully evacuated by nearby fishing boats before the situation escalated further. Initial reports confirmed that there were no serious injuries among the crew. The First Naval Area Command swiftly coordinated communications through the Navy’s “Mod Dam Navy Radio” network and alerted provincial maritime agencies, including the Samut Sakhon Maritime Enforcement Coordination Centre. An emergency response team was dispatched, and the TRN 530 patrol vessel was mobilised with portable water pumps to assist in extinguishing the fire and prevent environmental hazards. The prompt response by local mariners and coordination among naval and maritime agencies has been credited with preventing loss of life in what could have been a far more devastating maritime disaster. Adapted by ASEAN Now from Matichon. -- 2025-04-23 -
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Report Thailand Declines US Loan Deal for F-16 Jets Over Tough Terms
The swedes are building excellent submarines as well...
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