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U.S. levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.
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Treasury Secretary Scott Bessent said details will be released Monday after a weekend of talks in Switzerland.
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In 1978, Congress gave federal workers the right to organize and bargain collectively, finding it in the public interest. Now Trump wants to end those labor rights for most of the federal workforce.
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The meetings between top U.S. and Chinese officials in Geneva represent the first potential efforts to end a trade war that has frazzled financial markets.
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The incarcerated former Silicon Valley star is advising her partner on a new health tech startup. Holmes was convicted of defrauding investors in her blood-testing company Theranos.
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Just 17% of the state's consumers could afford to purchase a median-priced, existing single-family home in California in the first quarter of 2025, up from 15% in the fourth quarter of 2024 and unchanged from a year ago, the California Association of Realtors announced Friday.
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Chinese consumers have less and less confidence to splurge, which spells trouble for government efforts to jump-start consumer spending to offset deflation and mitigate the trade war with the U.S.
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A federal judge in San Francisco issued a two-week restraining order temporarily blocking the Trump administration's sweeping overhaul of the federal government. Her order applies to 20 agencies.
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The Consumer Product Safety Commission works to protect Americans from dangerous products and issuing recalls and warnings. It's the latest attempt by Trump to exact control over independent agencies.
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Trump's administration said they want tariffs to boost US manufacturing, and most Americans want more factory jobs here. But what makes us nostalgic for factory work?
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