Trump, tariffs and Senate
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Trump says a trade deal with South Korea has been reached
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The Fed's monetary-policy makers are working to figure out the economic impact of the Trump administration's tariffs, and a key factor on that front is the size of the import taxes levied on Chinese products.
President Donald Trump and South Korean President Lee Jae Myung finalized a trade deal that will include $350 billion in South Korean investments in U.S. industry. South Korea says a big portion of the funds will be directed to reviving U.S. shipbuilding.
Through workforce reductions and other measures coming in 2026, the company said it expects to save about $35 million annually.
Chili’s owner Brinker International is boosting prices as tariffs start to pinch its profit. Brinker said Wednesday that it expects the duties to drive its commodity costs higher than previously anticipated this fiscal year.
The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea
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Adidas' group sales dipped 5% in North America in the third quarter, weighed down by the end of the popular Yeezy sneaker line last year and a volatile global environment affected by U.S. tariffs. Global revenues,
Treasury Secretary Scott Bessent said 100% tariffs on China are "effectively off the table" after a "very good two-day meeting" between the U.S. and China.