International Trade and World Market

• China’s Weak Currency Is Powering Its Exports and Drawing Criticism - China’s renminbi is lagging the currencies of key trading partners, making Chinese goods and services cheap and helping to drive exports.
• China’s Trade Surplus Climbs Past $1 Trillion for First Time - President Trump’s tariffs weren’t enough to hold back the global export flood by China, which pushed past last year’s record in just 11 months.
• Bessent Divested From Soybean Farms After Ethics Office Warning - The Treasury Secretary said on Sunday he recently shed his holdings to comply with his federal ethics agreement.
• Have Trump’s Tariffs Gone as High as They Can Go? Business Hope So - A wave of companies are petitioning for exemptions from the Trump administration’s high levies on foreign-made goods, saying they are hurting business and raising prices.
• To Avoid Pharma Tariffs, U.K. Agrees to Trump’s Demand to Pay More for Drugs - President Trump has complained that wealthy countries like Britain pay too little for drugs, leading America to bear much of the burden of the costs of medicines.