President Trump says he reached a trade agreement with the Philippines following a White House visit by its president. The U.S., the Philippines and other Asian allies are increasing their cooperation to counter China,

WASHINGTON (AP) — President Donald Trump on Tuesday said a trip to China might be “not too distant,” raising prospects that the leaders of the world’s two largest economies may meet soon to help reset relations after moving to climb down from a trade war.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

Trump has sent letters to leaders of dozens of countries outlining the tariff levels set to begin on Aug. 1. In recent months, Trump has rolled back some of his steepest tariffs, meaning delays could be possible in the case of the Aug. 1 deadline. The Trump administration appears to have stood largely behind the deadline in recent days, however.

U.S. President Donald Trump said on Tuesday that he may visit China soon for a landmark trip to address simmering trade and security tensions between the superpower rivals. "President Xi has invited me to China,

President Donald Trump is hosting Philippine President Ferdinand Marcos Jr. at the White House, seeking closer security and economic ties at a time when China is increasingly assertive in the

Analysts at Citi and at Deutsche Bank have looked into who is paying for the tariffs imposed by the Trump administration this year.

Who’s paying for Donald Trump’s tariffs? So far, American businesses and consumers. General Motors Co. was the latest US company to disclose how the levies are raising costs, with the automaker saying Tuesday that the duties dented profits by more than $1 billion as it chose to absorb the blow.