Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer spoke with China’s Vice Premier He Lifeng, raising concerns about Beijing’s recent actions and the importance of implementing commitments made as part of a deal reached a year ago in Busan, South Korea.

Hakeem Jeffries, the leader of House Democrats, promises to “stop the stupid Trump tariffs jacking up prices on Americans.” Ron Wyden, incoming Senate Finance Committee chairman, says he’ll reassert congressional authority over trade policy. Even Senator Ted Cruz, the Texas Republican, lamented that “tariffs have made everything too expensive.”

Democrats’ decisive victory has reshaped Washington. What’s next for Wall Street, the economy and your money? Bloomberg journalists answer your questions in a Live Q&A on Thursday, Nov. 5 at 9:45 a.m. EST.

The Commerce Department is imposing tariffs of about 260% on certain Chinese trailers after determining that the high level of imports harms domestic production, a move cheered by US industry.

US and Mexican trade negotiators have hit an impasse over tariffs on steel and aluminum, dashing earlier optimism for an imminent deal and likely kicking major progress until after the midterm elections, people familiar with the matter said.

President Donald Trump waived massive tariffs linked to Russian energy exports mandated in a law that he signed last month, as the measures complicated his push to lower diesel prices ahead of the US midterm elections.

Iowa and Michigan are among US states with competitive Senate races that appear hardest hit by President Donald Trump’s tariff agenda, with exports falling relative to before his second term began.

The US joined 14 other economies in pledging to confront excess manufacturing capacity and production in certain sectors, even as the Trump administration looks to punish some of those trading partners over those concerns.

President Donald Trump’s top trade adviser said there’s no timeline for cutting tariffs on the $60 billion of goods recently recommended by the US-China Board of Trade.

While the US trade chief met with colleagues, some of Trump’s tariffs faced fresh legal scrutiny

Trade Representative Jamieson Greer indicated China and the US remain divided on the terms of a trade truce extension, suggesting that three to six months was a range that Washington could support.

US and Chinese officials offered upbeat assessments of their talks on artificial intelligence, trade and investment, signaling a mutual desire to steady ties ahead of this week’s summit between leaders Donald Trump and Xi Jinping.

US Treasury Secretary Scott Bessent lauded “very successful” talks with his Chinese counterparts on artificial intelligence, trade and investment, while China described the discussions as positive ahead of this week’s summit between leaders Donald Trump and Xi Jinping.

US and Chinese officials met in New York to lay the groundwork for a high-profile summit between Presidents Donald Trump and Xi Jinping, as the world’s two biggest economies seek to maintain — and potentially extend — a fragile trade truce.

US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng will lead talks on trade and other pressure points Sunday in New York ahead of next week’s summit between the leaders of the world’s two biggest economies.

US Trade Representative Jamieson Greer will attend talks with Chinese officials in New York on Sunday, according to a statement from his office.

The US is expected to hold off announcing new tariffs on China and other trading partners until after next week’s summit between Presidents Xi Jinping and Donald Trump, according to people familiar with the matter, a delay that could preserve such a threat as leverage in the negotiations.

President Donald Trump directed agencies to remove Canadian goods from government contracts, executing an earlier threat as tensions between the two countries flare.

President Donald Trump’s latest trade maneuver leaves the door open to compromise with Canada, even as it threatens to exacerbate the cost-of-living crisis for Americans and further sour relations with Ottawa.

The US escalated its trade war with Canada following Ottawa’s tariff retaliation, moving to block imports of some products while slapping new tariffs on others, as well as seeking to bar Canadian companies from selling to government contractors.