President Donald Trump announced Friday that the White House will be informing other countries about how much they will be tariffed via letters and what they will be required to pay on exported goods to the United States.
Read More Trump: U.S. To Notify Hundreds Of Countries Of New Tariff Rates—‘They’ll Be Paying To Do Business’
Inflation eased in April, cooling to a four-year low, according to the Labor Department. The annual Consumer Price Index now stands at 2.3%, the lowest since February 2021.
Read More April Inflation Report: Tariffs Didn’t Hit As Hard, Inflation Hits 4-Year Low
The Trump administration has cut tariffs on cheap Chinese goods from certain shopping sites like Shein and Temu to as low as 30%.
Read More Report: U.S. Reduces Tariffs On Temu And Shein Shipments To As Low As 30%
On Monday, the United States and China both announced that they had reached an agreement to suspend the majority of retaliatory tariffs that have been applied to one another since early April, when President Donald Trump unveiled his comprehensive global tariff plan and intensified his trade “war” with China.
Read More U.S. And China Come To 90-Day Pause Agreement On Tariff Increases
President Donald Trump announced Thursday that the U.S. has reached a major trade deal with the UK, making it the first since Trump announced his sweeping tariffs in April.
Read More Trump Unveils U.S.-U.K. Trade Deal Framework, Promises ‘No Red Tape’
Before President Donald Trump welcomed Canadian Prime Minister Mark Carney to the White House on Tuesday, he questioned the United States’ trade deficit with its northern neighbor in a Truth Social post — emphasizing that Canada is foolish to act like they have the upper hand in negotiations.
Read More Trump Blasts Canada PM Before First Meeting: ‘We Don’t Need Anything They Have’