President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade framework and that tariffs on Chinese goods will total 55%.
U.S. stocks remain in limbo on Tuesday as the wait continues to hear what will come of trade talks underway between the United States and China.
U.S. imports from China are dropping at a rate not seen since the start of the pandemic.
U.S. stocks are nearly stuck in place on Monday as the world’s two largest economies begin talks on trade that could help avoid a recession.
President Donald Trump said Thursday that his first call with Chinese leader Xi Jinping since returning to office was “very positive,” announcing that the two countries will hold trade talks in hopes of breaking an impasse over tariffs and global supplies of rare earth minerals.
Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses.
A federal court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
The United Nations expects millions of potential jobs will vanish this year because of an economic slowdown triggered by President Trump’s trade war.
It is Memorial Day, the unofficial start to Summer, and some of those Summer staples you buy might be a little pricier.
European shares have opened higher and U.S. futures also surged after U.S. President Donald Trump said he would delay a threatened 50% tariff on goods from the European Union to July 9.
