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Washington and Beijing have signed a trade agreement that will make it easier for U.S. firms to obtain magnets and rare earth minerals from China, Treasury Secretary Scott Bessent said June 27.

A group of Canadian steel producers said the government’s plan to restrict foreign steel imports isn’t strong enough and warned that the industry is set to shed thousands more jobs.

Tariff negotiations are running into roadblocks, as partners including Japan, India and the EU balk at signing deals without knowing how badly they’ll be hit by separate levies on exports.

EU leaders are set to debate their strategy in response to President Donald Trump’s trade war, with the choices coming down to accepting an unbalanced deal or risking escalation by striking back.

Federal Reserve Chair Jerome Powell on June 25 said the U.S. central bank is still struggling to determine the impact of tariffs on consumer prices.

“You’re the only country that is not paying. I don’t know what the problem is,” Trump said when asked about Spain balking at paying 5% of their GDP on defense.

A federal judge June 24 ordered the Trump administration to release billions of dollars in funding for the buildout of electric vehicle chargers in more than a dozen states.

The European Union plans to impose retaliatory tariffs on U.S. imports, including on Boeing Co. aircraft, if President Donald Trump puts a baseline levy on the bloc’s goods as many expect.

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said June 24.

Two weeks from President Donald Trump’s deadline to reach trade deals, some of the talks aimed at clinching agreements to avoid higher tariffs are struggling to get over the finish line.