Treasury Secretary Scott Bessent told Congress that it is "highly likely" that a pause related to steep new US tariffs on other countries will be extended for countries that are negotiating with the administration "in good faith.

President Donald Trump's 90-day pause on "reciprocal" tariffs against trading partners is likely to be extended as negotiations continue, a top White House official said Wednesday. Treasury Secretary Scott Bessent testified before the House of Representatives' Ways and Means Committee on Wednesday about the administration's efforts to negotiate

President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies.

Many companies are still working through inventory they stocked before the tariffs hit — but some products are starting to get more expensive.

Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.

The U.S. government posted a $316 billion budget deficit for May, down 9%, or $31 billion, from a year earlier, as customs receipts nearly quadrupled to a record $23 billion due to President Donald Trump's steep new import tariffs,

United Auto Workers President Shawn Fain says General Motors’ plan to invest in U.S. factories shows President Trump’s automotive tariffs are working. GM on Tuesday said it

Trump's budget cuts and tariff policies are creating new pressures, and opportunities, for states seeking to attract big businesses and the jobs they offer.