Trump administration considers Qatari royal jet as potential temporary Air Force One, raising diplomatic and ethical concerns.

The Trump administration is reportedly in talks with Qatar to use a royal aircraft as a potential temporary Air Force One.

The jet — owned by the Qatari royal family — would be retrofitted for presidential use and could be offered as a gift during Trump’s term, with the possibility of it being used again as part of his future presidential library.

While no final decision has been made, the deal raises logistical, diplomatic, and ethical questions around foreign gifts, presidential travel, and how Trump may symbolically separate himself from traditional norms.

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U.S. and China agree to major tariff cuts to 10% after Geneva talks, signaling a shift towards cooperation, though a 20% fentanyl-related tariff remains.

The U.S. and China have reached a major breakthrough, agreeing to sharply reduce tariffs following high-stakes meetings in Geneva.

President Trump’s tariffs on Chinese goods will drop from 125% to just 10%, while China will reciprocate by slashing its retaliatory tariffs on American exports to 10%.

However, a separate 20% tariff tied to China’s alleged role in the fentanyl trade will remain in place.

The move signals a clear shift from conflict to cooperation, after years of economic tension that rattled global markets.

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U.S. stocks rebound as U.S.-China agree to cut tariffs, boosting market confidence and optimism over trade tensions.

U.S. stocks experienced a significant rebound on Monday after the U.S. and China reached an agreement to temporarily reduce tariffs following negotiations in Switzerland.

The Dow Jones Industrial Average increased by 1,113 points, or 2.6%, remaining strong throughout the session. The S&P 500 rose by 3%, marking over a 20% gain since its low in April amid tariff concerns. It has now reduced its year-to-date losses to 0.9%.

The Nasdaq Composite gained 4%, boosted by an increase in technology stocks linked to China, such as Tesla and Apple.

Treasury Secretary Scott Bessent described the talks with China as “very productive”. The U.S. has reduced tariffs on Chinese goods to 30%, while China has lowered tariffs on U.S. imports to 10%. Bessent indicated further meetings with Beijing representatives are anticipated in the coming weeks to work on a more comprehensive agreement.

Tesla shares rose by 6%, while Apple and Nvidia followed closely with increases of 6% and 5%, respectively. Companies heavily reliant on Chinese goods saw some of the largest gains, with Best Buy and Dell Technologies both increasing by 8%, and Amazon also rising by 8%.

Investment strategist Jeff Kilburg noted that market rallies were driven by investor surprise at the rapid progress of the tariff negotiations. Tensions between the U.S. and China had escalated sharply in April but recent developments have led to a recovery in stock prices.