President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting as he looks to deescalate the trade war.

Economic analyst Peter Schiff wrote on X: "Investors are excited about Trump's trade deal with the U.K., our first victory in the trade war. The effective tariff rate on U.S. goods entering the U.K. is 0.5 percent. So, from the American perspective, what we stand to win from the deal is relief from Trump's tariffs on U.K. imports."

But one thing that most of them agreed on was that, once the dust settles from Trump's trade negotiations, America will be left with higher tariffs. Trump's imposition of tariffs on imports last month has angered America's trade partners,

Sign up here to get stories like this sent to your inbox.The new Pope is an American. Do not for a minute think he wants to Make America Great Again.Cardinal Robert Francis Prevost on Thursday became leader to the world’s 1.

Biden made the consequential decision to withdraw from the 2024 presidential race and endorsed Harris as his successor.

U.S. President Donald Trump on Friday said he would be "OK" if the Republican-led Congress raised the tax rate on the wealthiest Americans, but warned of political consequences. "Republicans should probably not do it,

WASHINGTON—Fifteen days after taking a marginal tax-rate increase off the table, President Trump put it back in play. The president, who rejected a “millionaire tax” April 23, is now considering backing a tax structure that would return the top individual income-tax rate to 39.