Trade War News Updates

President Trump is hearing from “lots of different advisers” in deciding on the exports, Commerce Secretary Howard Lutnick said, noting that Trump understands China's Xi Jinping “the best.”

The move comes as President Trump has pivoted to focusing on affordability measures as voters are growing increasingly wary of the economy under his leadership.

The moves to ease trade in cattle come as the Trump administration is looking to provide relief to American consumers with wholesale beef prices surging in recent years.

After a flurry of orders late last month — which were the first of this season — Chinese imports of U.S. cargoes seem to have faltered, according to traders who asked not to be identified.

China said Nov. 10 it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for Donald Trump during recent talks with Chinese leader Xi Jinping.

For companies that make technology subject to Commerce Department licensing, the expected pause offers a welcome reprieve from a policy they viewed as a massive compliance headache.

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.

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 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.

Crude prices jumped after the sanctions announcement, but market reaction has been muted amid confusion over just how seriously the White House would enforce the new measures.