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PORTLAND, Ore. — New U.S. tariffs on steel and aluminum imports could ultimately raise the price of trucks sold in the United States, top executives at the world’s largest commercial vehicle manufacturer warned.

President Donald Trump said he’ll confront China “very strongly” over trade in the coming weeks, and send a warning to North Korea’s biggest trading partner after his meeting with Kim Jong Un.

The United States and China continued to haggle over the shape of a deal to fend off an impending trade war, with China offering to boost purchases of American goods and the United States finalizing a deal to allow China’s ZTE Corp. to resume purchases from American suppliers.

President Donald Trump is headed for a showdown with America’s allies at a Group of Seven summit this week in Quebec, with the European Union and Canada threatening retaliatory measures unless he reverses course on new steel and aluminum levies.

Canada’s foreign minister is headed to Washington as the clock ticks down to reach a deal on updating the North American Free Trade Agreement that could pass Congress this year and skirt metals tariffs.

President Donald Trump backed away from the trade deal his administration had just announced with China and said the United States may need to change the direction of talks to get a final agreement.

The Trump administration won’t impose tariffs on Chinese products for now, after the two nations made progress on trade issues during two days of talks, Treasury Secretary Steven Mnuchin said.

The U.S. trade deficit narrowed in March by the most in two years, while last week’s unemployment filings were below estimates and productivity gains remained lukewarm in the first quarter. Here’s what you need to know from the economic reports out the morning of May 3.

The Trump administration sought to temper expectations for a swift breakthrough on trade issues with China as a delegation of senior U.S. officials prepares to visit Beijing this week.

Commerce Secretary Wilbur Ross said talks to revamp NAFTA could drag on for months, even as negotiators step up the pace of discussions to reach an agreement as soon as this month.