The U.K.has a new five-week deadline to finalize its trade agreement with the U.S. after President Donald Trump spared the country鈥檚 steel and aluminum exports from a doubling of tariffs.
June 4, 2025tariffs News Updates
UK Gets Reprieve on Steel Tariff
Trump: 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, 2025US and EU Trade Negotiators Discuss Tariffs in Paris
Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses.
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, 2025Dollar General Posts Record Sales as Shoppers Pinch Pennies
Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores.
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.
June 3, 2025Trump Trade War to Hobble US Growth, OECD Says
U.S. economic growth will slow to 1.6% this year as President Donald Trump鈥檚 erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers frozen by uncertainty.
June 3, 2025Manufacturing Activity Shrank in May for Third Straight Month
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.
June 3, 2025Canada Premiers Pitch Carney on Pipelines, Ports and Mines
Canada鈥檚 provincial leaders urged Prime Minister Mark Carney to back new oil pipelines, electricity grids, critical mineral mines, ports and railways at a meeting June 2 meant to identify 鈥渘ation-building鈥 projects to be fast-tracked.
June 2, 2025Group That Won Trade Ruling Wants Tariffs Halted During Appeal
A group of small businesses that won a ruling that most of President Donald Trump鈥檚 global tariffs are illegal want them blocked during the administration鈥檚 appeal.
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