US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025. Saul Loeb | AFP | Getty Images President Donald Trump’s top economic advisers maintained confidence on Sunday that the “tariffs are not going away,” as a key tenet of Trump’s policy agenda hangs in legal limbo. “Rest assured, … Read more
White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. Leah Millis | Reuters National Economic Council director Kevin Hassett suggested on Sunday that President Donald Trump and China’s President Xi Jinping could have a conversation about trade as soon as this week. Hassett … Read more
Consumer optimism got a much-needed boost in May on hopes for trade peace between the U.S. and China, according to a survey Tuesday. The Conference Board’s Consumer Confidence Index leaped to 98.0, a 12.3-point increase from April and much better than the Dow Jones consensus estimate for 86.0. Much of the positive sentiment, according to … Read more
PLANO, Texas — The top-selling SUV in the United States will exclusively be offered as a hybrid model as part of a redesign of the RAV4 lineup, Toyota Motor announced Tuesday night. The world’s largest automaker said the 2026 Toyota RAV4 only will be offered as a hybrid or plug-in hybrid, eliminating a traditional gas … Read more
U.S. Secretary of the Treasury Scott Bessent shakes hands with Chinese Vice Premier He Lifeng during the bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 11, 2025. Keystone/eda/martial Trezzini | Via Reuters China has temporarily paused export restrictions targeting 28 American companies on the heels of the trade truce Beijing reached … Read more
Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the U.S. as a victory and a vindication of Beijing’s negotiating strategy. They are arguing that their defiant public posture worked and was a major reason they were able to strike a deal with U.S. officials … Read more
Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, on May 12, 2025. Carlos Barria | Reuters Receipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump’s trade war started kicking in. Customs duties totaled $16.3 billion … Read more
U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. Carlos Barria | Reuters Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from … Read more
President Donald Trump on Thursday unveiled the broad outline of a trade agreement with the United Kingdom. Trump said in the Oval Office that the deal includes “billions of dollars of increased market access for American exports,” and said the UK will “reduce or eliminate numerous non-tariff barriers that unfairly discriminated against American products.” Specifics … Read more
Nurphoto | Nurphoto | Getty Images Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, … Read more