In a bid to ease trade tensions, the U.S. and China have reached a temporary truce, agreeing to suspend most tariffs on each other's goods for 90 days, while cutting the 'reciprocal' tariffs from 125% to 10%, though U.S. duties on Chinese fentanyl imports remain intact.
Amidst ongoing trade tensions, the U.S. Commerce Secretary revealed a tentative trade deal with an unspecified nation, boosting stock markets as investors await final approval and details from the mystery partner.
Billion-dollar Asian cybercrime syndicates are expanding globally despite crackdowns, exploiting weak governance areas, posing an 'irreversible' threat unless countered through international cooperation and disrupting financing, the UN warns.
In a pivotal move, Ukraine accepted a US-backed ceasefire plan, seeking a 30-day truce, the lifting of intelligence restrictions, security aid, prisoner swaps, and the return of displaced Ukrainian children, signaling a potential breakthrough in the ongoing conflict.
President Trump is poised to unveil a compromise deal with Canada and Mexico that would scale back his controversial 25% tariffs on imports from those countries in exchange for concessions addressing his concerns, potentially easing trade tensions.
As US support wavers, French President Macron and British PM Starmer spearhead a push for a Ukraine peace plan, proposing an initial month-long ceasefire, but doubts linger over Europe's ability to secure peace without American involvement amid a potential Republican split on Trump's Russia pivot.
President Trump invokes emergency powers to impose tariffs on imports from Canada and Mexico, citing their failure to curb drug trafficking and lethal drugs like fentanyl flowing into the U.S., which he deems a national security threat causing overwhelming crime and overdose deaths.
In retaliation against the U.S.'s unjustified tariffs on Canadian exports, Canada strongly condemns the move and imposes 25% tariffs on $155 billion worth of American goods, with $30 billion effective immediately and the remaining $125 billion in 21 days, until the U.S. trade action is withdrawn.
In a move to combat the opioid crisis, the President has decided to increase tariffs on Chinese products from 10% to 20%, citing China's failure to take sufficient measures to address the synthetic opioid supply chain that fuels the drug epidemic.