President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days. Trump hailed the call as "positive," with both leaders inviting the other to visit their respective countries.

President Trump has officially hiked tariffs on aluminum and steel to 50% – despite growing warnings that his aggressive trade tactics could sharply curb U.S. growth and drive inflation higher. Charlotte Howard and Dan Nathan discuss on The 11th Hour.

Tariffs on steel and aluminum doubled to 50 percent Wednesday, adding higher costs and new uncertainty for businesses across the country that rely on metal imports for machinery, construction and ...

President Trump is pushing for trade deals while he is set to sign an order doubling tariffs on steel and aluminum. Meanwhile, his trade war is causing the global economy to slow, with growth now heading for its weakest pace since the COVID-19 pandemic,

The tariffs carry inflation risks at a moment when voters ... Of the roughly 29 million net tons of steel imported into the United States last year, a little under 2% came from China.

Building costs rose in the first quarter of 2025 by more than any four-month period in 2024, one cost index found.

Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, helping clear the way for more interest rate cuts from the European Central Bank.