After two days of talks in London, the U.S. and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month, Chinese state media said.
As they process President Trump's chaotic tariffs and other economic policies, some of the country's most powerful CEOs are moving from denial and bargaining to public anger and depression.
NPR's Steve Inskeep speaks with Sen. Tim Kaine, D-Va., who is also on the Senate Budget Committee, about how President Trump's tariffs will affect the federal budget and the economy.
President Trump is doubling tariffs on steel and aluminum to 50%. It's designed to protect domestic steel and aluminum workers, but critics say it will raise prices for those that use the metals.
Court rulings against President Trump's tariffs could spell relief for many American importers — if the decisions hold. For now, the uncertainty remains.
The U.S. Court of Appeals for the Federal Circuit granted the Trump administration's request to temporarily put on hold the New York-based Court of International Trade judgment that struck down President Trump's tariffs.
A 90-day pause on triple-digit U.S. tariffs on Chinese goods has left exporters and importers in a high state of uncertainty. Factory owners in China tell NPR that orders are down overall.
President Donald Trump said Sunday that the U.S. will delay implementation of a 50% tariff on goods from the European Union from June 1 until July 9 to buy time for negotiations with the bloc.
President Trump told reporters he is ready to slap 50% tariffs on European Union products starting June 1 — and 25% tariffs on iPhones by the end of June.