Tariffs News Updates

Wheat futures in Chicago jumped as China seeks its first U.S. shipments of the grain in more than a year, following orders for soybeans last week as part of a trade truce between the two nations.

Canadian Prime Minister Mark Carney said he told Ontario's premier not to run an anti-tariff advertisement that prompted U.S. President Donald Trump to end trade talks with Canada.

Trump had said he wanted to take the highly unusual step of attending the arguments in person, but on Nov. 2 said he had ruled it out, saying he didn't want to be a distraction.

Asked by reporters aboard Air Force One whether negotiations between the White House and Carney’s government would resume, Trump said: “No, but I have a very good relationship."

After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock.

While the U.S. and China agreed to suspend plans for higher tariffs and stricter export controls during their summit, the investigation is still moving forward, Greer said Oct. 30.

The engines will not be exported to the U.S., but it’s unclear which countries they will be sent to, a source told Bloomberg. An announcement is expected as early as this week.

The 51-47 vote, which included four Republicans, highlights economic anxiety over President Trump's tariff regime. The votes are the clearest sign yet of growing Republican unrest.

The U.S. will also halve fentanyl-related tariffs on Chinese goods, while Beijing resumes purchases of soybeans and other American agricultural products.

In their post-meeting statement, Fed policymakers on Oct. 29 repeated their assessment that “job gains have slowed” and said “risks to employment rose in recent months.”