Those, in turn, caused a dearth in new car inventory and a subsequent spike in new and used car prices. Currently, China has the market cornered on processing the 17 rare earth metallic elements that go into components that are critical to vehicle production.

Consumers are making spending decisions in a haze of uncertainty about whether higher prices are the result of tariffs, inflation or companies’ push for more profits.

Shipping companies rerouted their ships from China when tariffs were over 100%, and now it will take a while to get them back down.

U.S. trade negotiations have transitioned from their opening act, with its many twists and turns, into a new, protracted chapter: the Slow Grind. It may be less turbulent than this past spring's drama,

The U.S.-China talks on trade resemble arms-control negotiations, with export controls the key weapons. As part of a monthslong feud, the two sides choked off the supply of such exports as rare earths or semiconductor technology in a bid to gain an edge.

In the days before President Donald Trump suddenly paused most of the punishing tariffs on foreign countries he had revealed in early April, more than a dozen congressional lawmakers were tied to thousands of dollars’ worth of stock transactions,

Donald Trump has said the US and China’s deal to restore their trade war truce is “done” after two days of marathon negotiations in London. In a post on his Truth Social network on Wednesday the US president hailed a breakthrough reached in bilateral talks in London late the night before.

Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.

FRANKFURT (Reuters) -Coercive trade policies fail to resolve financial imbalances and the risk of mutual economic damage is so great that all sides need to weigh policy adjustments to resolve tensions, European Central Bank President Christine Lagarde said on Wednesday.

Rising geopolitical tensions and shifts in trade policy have increased risks to Ireland’s financial system, the country’s regulator warned.

Thirty percent of the world’s seaborne oil trade flows through the Strait of Hormuz. Iran and its proxies could block it.

The Swiss government cut its growth forecast for 2025 and 2026 on Monday, as the export-orientated economy braces itself for the impact of the global trade war. The Swiss economy, traditionally one of the most robust in Europe,