Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

China is moving to strengthen its alliances with other countries as a counterweight to President Donald Trump’s trade war, presenting a united front with Latin American leaders a day after China and the U.

The case argues that Trump lacks authority under the International Emergency Economic Powers Act to impose the tariffs he announced on April 2 on nearly all U.S. trading partners.

Five American small businesses will ask a U.S. court on Tuesday to halt President Donald Trump's "Liberation Day" tariffs, arguing the president overstepped his authority by declaring a national emergency to impose across-the-board taxes on imports from nations that sell more to the U.

There are no winners in a trade war, Chinese President Xi Jinping told Latin American leaders and other officials in Beijing on Tuesday, as he sought to project unity with the region a day after the United States and China agreed to slash reciprocal tariffs.

A handful of companies could make or break Trump’s AI plans, Reva Goujon and Ben Reynolds write in a guest commentary.

Juliette Binoche, head of this year's Cannes Film Festival jury, said on Tuesday U.S. President Donald Trump's threat to impose 100% tariffs on films made abroad, among his other policy decisions, was also about saving his reputation.

Inflation expectations were climbing even before the bulk of Trump’s tariffs took effect. Consumers now project prices to rise at a rate of 3.2 percent over the next three years, the New York Fed reported on Friday. That’s the highest monthly reading since July 2022, around the period when post-pandemic inflation was at its peak.