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Treasury Secretary Scott Bessent said that there's an opportunity to do a "big deal" with China to reduce tariffs if the Chinese government is willing to rebalance its economy.
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Washington and Beijing may soon strike a trade deal. President Donald Trump said China's hefty tariff rate of 145% will also likely drop "substantially."
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Small businesses lost a legal challenge to President Trump's tariffs as the U.S. Court of International Trade ruled against halting the policy, backing Trump's trade agenda.
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Bilt, a loyalty program, has been rapidly expanding its services. Now it's trying to reward students for college housing payments and helping them pay off loans.
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Tesla generated $13.97 billion in automotive revenue in the first three months of 2025, marking a drop of nearly 20% from the same quarter last year.
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The New York Federal Reserve's consumer expectations survey found Americans are lowering their expectations for starting wages at a new job compared with November 2024.
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U.S. environmental groups say they are preparing for a legal showdown with the White House over its sweeping efforts to sidestep federal regulations on oil, gas and coal development.
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Los Angeles has seen a decline in local film and TV production, causing some to worry that the city could face the same fate as Detroit did with auto manufacturing several decades ago.
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Minnesota-based 3M now expects a potential tariff-related hit of 20 cents to 40 cents per share on its 2025 adjusted profit forecast of $7.60 to $7.90.
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White House press secretary Karoline Leavitt said the Trump administration has "18 proposals on paper" for trade deals and is "setting the stage" for one with China.
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