Trump, China and Trade
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President Donald Trump's eventful week included securing a preliminary trade deal with China, deploying National Guard troops to Los Angeles, and responding to Israel's strikes on Iran.
The president’s first international summit of his second term comes ahead of a new tariff deadline and amid a Middle East crisis.
4don MSN
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,
U.S. President Donald Trump said on Wednesday he would be willing to extend a July 8 deadline for completing trade talks with countries before higher U.S. tariffs take effect, but did not believe that would be necessary.
While Donald Trump hailed the outcome of trade talks in London, Xi Jinping walked away with an understated strategic gain: a negotiating process that buys China time and helps defuse the threat of more harmful tariffs and technology curbs.
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.
3don MSN
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.