Financial

Flying taxis will become a viable transportation method in China, according to a senior executive at Ehang, in another show of Chinese tech innovation.

China's reaction to new U.S. tariffs will likely focus on domestic stimulus and strengthening ties with trading partners, analysts said.

The comments come as investors worry that a more severe approach signaled by the Trump administration would dampen sentiment enough to slow down the economy.

Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to return to the region.

"The Nasdaq peaked on DeepSeek day so that's a Mag 7 problem, not a MAGA problem," Bessent said.

The stock tumbled a whopping 77% Wednesday, following a 2,230% surge in Newsmax's first two days of trading after debuting on the New York Stock Exchange.

White House trade adviser Peter Navarro said tariffs would raise about $600 billion to $700 billion a year. Economists say that's nearly impossible.