WASHINGTON – President Donald Trump is getting his way with the world economy. Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president’s demands to accept higher costs — in the form of high tariffs — for the privilege of selling their wares to the United States. For…
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, according to sources close to the matter on both sides. China and the United States agreed in May to remove most of the heavy tariffs levied on each other’s goods for 90 days…
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC Commerce Secretary Howard Lutnick said Sunday that the European Union should agree to open its markets for U.S. exports to convince President Donald Trump to…
WASHINGTON (AP) — President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It’s an astonishing figure, but still subject to negotiation and perhaps not the sure thing he’s portraying. “Japan is putting up $550 billion in order to lower…
Commerce Secretary Howard Lutnick said Thursday that American auto CEOs told him they are “cool with” President Donald Trump‘s new trade deal, which could put lower tariffs on cars imported from Japan than on cars made by U.S. companies in Canada and Mexico. Lutnick brushed off complaints from a group representing General Motors, Ford and…
President Donald Trump discussing a U.S.-Japan trade agreement with a Japanese delegation and top White House aides in the Oval Office, Tuesday, July 22, 2025. Source: @Scavino47 via X | The White House President Donald Trump‘s art of the deal seemed to play out in real time on Tuesday. Trump announced what he called a…
President Donald Trump speaks at a dinner for Republican Senators at the White House in Washington, DC, on July 18, 2025. Photo by Allison Robbert/For The Washington Post via Getty Images The U.S. has signaled it will not let up on its Aug. 1 deadline for higher tariffs on the European Union as the bloc…
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC Commerce Secretary Howard Lutnick said Sunday that Aug. 1 is the deadline for countries to begin paying tariffs to the United States, but said that…
Howard Lutnick says next two weeks will be “for the record books” with tariff deals – CBS News Watch CBS News Commerce Secretary Howard Lutnick told “Face the Nation with Margaret Brennan” that Americans are “going to love the deals that President Trump and I are doing.” As the Aug. 1 tariff deadline approaches, he…
U.S. President Donald Trump is reportedly dialing down his rhetoric in order to secure direct talks with his Chinese counterpart, Xi Jinping, and a possible trade deal. Bloomberg quoted unnamed White House sources saying Trump is increasingly pursuing purchase agreements that resemble deals he made in his first term and pushing for quick wins, rather than…