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Trump Floats Cutting China Tariffs to 80% to Cool Trade War

President Donald Trump on May 9 floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to de-escalate the trade war.

May 9, 2025

Trump Hints at Tariff Rollback if China Talks Succeed

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet in Switzerland with Chinese Vice Premier He Lifeng on trade in the coming days.

May 8, 2025

Inflation Expectations Hit Nearly 3-Year High

Median expectations for inflation three years from now rose to 3.2% in April, the highest reading since July 2022. Estimates for year-ahead price growth, however, held steady.

May 8, 2025

US Imports Slow as Trump Tariffs Ripple Through Supply Chain

The slowdown of U.S. imports due to tariffs is expected to have downstream effects on the rest of the supply chain, including trucking, according to experts.

May 8, 2025

Toyota Suffers $1.3 Billion Profit Hit in Two Months on Tariffs

Toyota said U.S. tariffs will result in a $1.3 billion hit to operating income in just two months, with the carmaker joining a growing list of companies grappling with the trade turmoil.

May 8, 2025

Maersk Cuts Global Container Market Outlook on Tariff War

A.P. Moller-Maersk, the Danish container giant, lowered its forecast for the global transport market rattled by President Donald Trump’s trade war.

May 8, 2025

Trump Agrees to Cut Tariffs on UK Autos, Steel

President Donald Trump has agreed to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal with Britain, which would buy more American beef and streamline its customs process.

May 8, 2025

Trump Holds Firm on Tariffs Before China Negotiations

“No,” President Donald Trump said when asked by a reporter if he is open to pulling back his 145% duties on Chinese imports to get the world’s second-largest economy to the negotiating table.

May 7, 2025

Fed Holds Rates Steady as Inflation, Job Risks Rise

Federal Reserve officials held interest rates steady for a third straight meeting and emphasized they see a growing risk of both higher inflation and rising unemployment.

May 7, 2025