US President Donald Trump has delighted global investors with the possibility of a reduction in tariffs on Chinese imports. But his apparent willingness to de-escalate America’s trade war with the world’s second-biggest economy has been brushed off by government officials in China and ridiculed online as “chickening out.

U.S. Treasury Secretary Scott Bessent said Wednesday that “there is an opportunity for a big deal here” on trade issues between the United States and China. A dozen states sued President Donald Trump and his administration Wednesday,

Shares of electric carmaker Tesla surged 6.5% in the first trading since CEO Elon Musk said his time devoted to the Department of Government Efficiency would "drop significantly" next month, paving the way for his return to the company.