The deal removes Chinese export restrictions on rare earths minerals and allows Chinese students access to U.S. universities.

President Donald Trump and officials from China announced that they have agreed on a framework for a trade deal between the two major economic powers.

The International Monetary Fund is seeing signs that the rise in trade and activity to front-run US President Donald Trump’s tariffs is beginning to unwind as the global economy still faces heightened uncertainty.

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,

US stock futures pulled back on Thursday as Wall Street assessed President Trump's evolving trade policy as well as softening inflation. On Wednesday, Trump said that he would send letters to trading partners within a week or two setting unilateral tariff rates.

The World Bank says tariffs will hurt global growth, estimating that the trade war will shave almost half a percentage point from world GDP growth this year.

Protests surrounding immigration enforcement actions in the Los Angeles area and the Trump administration's response to them have cued up a public spat between President Donald Trump and Gov.

Treasury Secretary Scott Bessent told Congress that it is "highly likely" that a pause related to steep new US tariffs on other countries will be extended for countries that are negotiating with the administration "in good faith.