Trump eyeing new trade deals at critical G7 summit
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Consumers are making spending decisions in a haze of uncertainty about whether higher prices are the result of tariffs, inflation or companies’ push for more profits.
GM formed alliances with 2 rare earth mineral processing companies to domestically source materials for parts GM uses in EVs.
Shipping companies rerouted their ships from China when tariffs were over 100%, and now it will take a while to get them back down.
The U.S.-China talks on trade resemble arms-control negotiations, with export controls the key weapons. As part of a monthslong feud, the two sides choked off the supply of such exports as rare earths or semiconductor technology in a bid to gain an edge.
Donald Trump has said the US and China’s deal to restore their trade war truce is “done” after two days of marathon negotiations in London. In a post on his Truth Social network on Wednesday the US president hailed a breakthrough reached in bilateral talks in London late the night before.
U.S. trade negotiations have transitioned from their opening act, with its many twists and turns, into a new, protracted chapter: the Slow Grind. It may be less turbulent than this past spring's drama,
4don MSN
In the days before President Donald Trump suddenly paused most of the punishing tariffs on foreign countries he had revealed in early April, more than a dozen congressional lawmakers were tied to thousands of dollars’ worth of stock transactions,
Officials from both sides are meeting on Monday in London, aiming to resolve differences over tariffs and supply chains that have endangered a fragile truce between the countries.
Here are all the tariffs, counter-tariffs, dealmaking, and deal-breaking between the world’s two biggest economies.
Thirty percent of the world’s seaborne oil trade flows through the Strait of Hormuz. Iran and its proxies could block it.
FRANKFURT (Reuters) -Coercive trade policies fail to resolve financial imbalances and the risk of mutual economic damage is so great that all sides need to weigh policy adjustments to resolve tensions, European Central Bank President Christine Lagarde said on Wednesday.