China leads objections to Trump carve-out on global minimum tax

Former President Donald Trump criticized the Federal Reserve's recent decision to implement its third consecutive interest rate cut, labeling it as 'too small' and expressing a desire for a more substantial reduction. This move has sparked significant dissent within the Fed, with three officials opposing the decision, marking the highest level of dissent in six years.

Mexico has approved tariffs of up to 50% on various imports from China, prompting a strong response from Beijing, which criticized the measures as unilateral and harmful to Chinese interests.

China's oil demand is projected to plateau between 2025 and 2030, according to research from CNPC. This forecast indicates a significant shift in the country's energy consumption patterns as it navigates economic challenges and seeks to stabilize its energy market.

Chinese officials have announced a commitment to prioritize domestic demand in their economic policy roadmap for 2026, signaling a shift in focus towards internal consumption. This decision comes as part of broader efforts to stabilize and sustain economic growth in the country.

Mexico has approved tariffs of up to 50% on various imports from China and other countries, set to take effect on January 1. This decision includes a range of goods such as cars, clothing, and appliances, marking a significant shift in the country's trade policy.

Former President Donald Trump has introduced a new immigration initiative, offering $1 million 'gold card' visas to individuals who can demonstrate a substantial benefit to the United States. This program aims to attract skilled immigrants who can contribute positively to the economy and society.

The ongoing dispute between Japan and China shows no signs of resolution, as stated by Tetsuo Saito, leader of the Komeito party, during an exclusive interview in Tokyo. Despite previous efforts to ease tensions, Komeito continues to engage with Beijing behind the scenes, indicating a complex diplomatic landscape.

Stephen Moore, a former economic advisor to President Trump, discussed the Federal Reserve's recent decision to cut interest rates and the implications for the U.S. economy during an appearance on Bloomberg Businessweek Daily. He criticized the significant spending bill passed at the end of Trump's first term, labeling it a mistake, while also speculating on potential candidates for the next Fed Chair.