Ed Kalecki

arms sales package for Taiwan is in limbo following pressure from Chinese leader Xi Jinping and concerns among some in the Trump administration that greenlighting the weapons deal would derail President Trump's coming visit to Beijing.

In a phone call earlier this month with Trump, Xi urged caution on U.S.

arms sales to Taiwan, the democratic self-governing island that China claims is part of its territory.

Trump wants to avoid antagonizing China ahead of his visit set for the first week of April.

A second day of U.S.

brokered meetings between Russia and Ukraine in Geneva broke up after barely 90 minutes today.

As Bloomberg's Tony Halpin reports, Ukrainian President Volodymyr Zelensky is accusing Moscow of attempting to prolong the process.

Bloomberg's Tony Halpin reporting from Dubai.

U.S.

envoy Steve Witkoff says there was meaningful progress during yesterday's talks.

He says both sides agreed to keep working toward a deal.

National Economic Council Director Kevin Hassett said a study from the Federal Reserve Bank of New York showing U.S.

companies bear most of the tariff burden is an embarrassment, and the people associated with it should be disciplined.

Hassett spoke on CNBC.

Incomes are up way more than the cost of living, and that's the real wage gain

that this silly Fed study neglects to mention.

Hassett said U.S.

consumers will be made better off by tariffs.

The paper published last week by the New York Fed found that nearly 90 percent of the economic burden from tariffs in 2025 was borne by U.S.

companies and consumers.