The U.S. will proceed with its plan to release 50 million barrels of oil from its strategic reserves despite a new coronavirus variant triggering a sharp drop in crude prices.

California and Texas are in line for more than $25 billion each to rebuild their highways should Congress pass a bipartisan infrastructure deal, the White House said in a statement aimed at nudging lawmakers toward support for the measure.

President Joe Biden’s team is intensifying its pressure on Republicans opposed to a bipartisan infrastructure agreement by spotlighting crumbling roads and bridges on a state-by-state basis that the funding could be used to rebuild.

President-elect Joe Biden has chosen Rhode Island Gov. Gina Raimondo as his nominee for commerce secretary, a person familiar with the matter said Jan. 7.

President Donald Trump said he’ll confront China “very strongly” over trade in the coming weeks, and send a warning to North Korea’s biggest trading partner after his meeting with Kim Jong Un.

President Donald Trump said he will take a “very serious look” at Amazon and what he said is an “uneven playing field” the retailer enjoys against competitors.

The Trump administration has no formal proposal on the table for a so-called reciprocal tax on imports, according to a U.S. official who sought to clarify whether a levy that risks escalating tensions with key trading partners would be enacted.

President Donald Trump said Feb. 12 that he will propose a tax on imports this week, reviving an idea he floated earlier in his administration that risks raising tensions with key U.S. trade partners.