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U.S. factory activity contracted in May for a third consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of higher tariffs.

A group of small businesses that won a ruling that most of President Donald Trump’s global tariffs are illegal want them blocked during the administration’s appeal.

After the U.S. and China agreed to lower tariffs from astronomical heights, tensions are now surging over access to chips and rare earths. And Beijing increasingly appears to have an edge.

The Chinese Ministry of Commerce issued a statement June 2 rebuking the U.S. president’s claim that Beijing breached the consensus reached in Geneva in May.

The measure would open new opportunities for oil and gas development in the mammoth National Petroleum Reserve-Alaska, an Indiana-sized parcel in the northwest of the state.

Prime Minister Mark Carney is pushing to offset the economic pain caused by U.S. President Donald Trump’s tariffs by compelling Canadian provinces to liberalize trade with one another.

Futures tracking the prices U.S. manufacturers pay for aluminum and steel surged after President Donald Trump said he will double tariffs on the metals this week.

Mayors in states that border Canada are calling for an end to President Donald Trump’s trade war with the country, saying it has harmed businesses and workers in their communities.

While many of the revisions may seem minor, the agency said that in total, the deregulatory package will rescind, withdraw or amend burdensome regulations that do not enhance safety.

President Donald Trump said he expected to speak to Chinese President Xi Jinping after accusing China of violating an agreement with the U.S. to ease tariffs.