Nippon Steel and United States Steel are on pace to finalize their $14.1 billion combination with President Donald Trump鈥檚 administration ahead of a deal deadline later this month.
June 5, 2025Donald Trump Transportation News Updates
US Steel Deal With Nippon Seen Closing by Merger Deadline
Trump Says US and China Will Resume Trade Talks
President Donald Trump said his conversation with Chinese leader Xi Jinping had a 鈥渧ery positive conclusion鈥 on June 5, announcing that the two countries will hold trade talks.
June 5, 2025Trump Speaks With Xi Amid Stalled Tariff Talks
President Donald Trump and his Chinese counterpart, Xi Jinping, have spoken amid stalled negotiations between both countries over tariffs that have roiled global trade.
June 5, 2025Walmart Pledges Transparency on Prices After Rebuke From Trump
Walmart said it will continue to communicate the impact of tariffs with investors, consumers and policymakers after President Donald Trump criticized the retailer鈥檚 plans to raise prices.
June 5, 2025Mercedes, BMW, Others Step Up Response to China Export Curbs
Automakers in the U.S. and Europe raised concerns about China鈥檚 export controls on rare earth metals, as Beijing鈥檚 move threatens to disrupt global car production.
June 4, 2025Trump Gets Tentative Win From CBO Tax and Tariff Estimates
The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.
June 4, 2025Canada Prime Minister Carney Holds Back on Tariff Retaliation
Prime Minister Mark Carney said Canada and the U.S. are in 鈥渋ntensive鈥 talks about the countries鈥 relationship, explaining his decision not to respond yet to doubled steel and aluminum tariffs.
June 4, 2025Trump: China鈥檚 Xi Is 鈥楨xtremely Hard to Make a Deal With鈥
President Donald Trump said in a late-night social media post that Chinese leader Xi Jinping was very tough to make a deal with, raising questions about whether a fragile economic truce will hold.
June 4, 2025Trump Signs Order Hiking Steel, Aluminum Tariffs to 50%
President Donald Trump signed a directive June 3 formally raising steel and aluminum tariffs to 50% from 25%聽starting June 4.
June 3, 2025US Sent Letters to Trade Partners Ahead of Tariff Deadline
The Office of the U.S. Trade Representative has sent letters to trading partners to remind them of an upcoming deadline in tariff negotiations, according to the White House.
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