The curtain came down on the first phase of President Trump’s tariff and trade war earlier this week, when the U.S. announced a huge reduction in levies with China. Washington and Beijing agreed

Gold prices climbed on Monday as a softer dollar and renewed trade concerns, following U.S. Treasury Secretary Scott Bessent's reaffirmation of President Donald Trump's tariff threats, fuelled safe-haven demand.

Donald Trump’s tariffs on China will likely remain at a level expected to severely curtail Chinese exports to the US after the 90-day truce, analysts and investors say, suggesting Beijing may have to endure further economic pain despite active talks.

I was talking about how to make an easy pot roast, and the next minute we’re talking about an international trade war,” Emily Ley said.

Hong Kong's benchmark Hang Seng Index closed 3% higher after both the U.S. and China chose to de-escalate a budding trade war.

Donald Trump has agreed to substantially roll back tariffs on China as the two nations continue to work toward a permanent trade deal.

Newsweek has contacted the White House and the Chinese Foreign Ministry for comment. President Donald Trump raised U.S. tariffs on China to a combined 145 percent, prompting the Chinese to retaliate with a 125 percent levy on American imports.

Markets cheered the deal with China. But away from Wall Street, confidence is plummeting and prices are on the rise