Delegations from the United States and China will meet Monday in Stockholm, Sweden to keep the current trade truce alive and possibly negotiate a permanent deal.

Republican lawmakers in Congress are forging ahead with President Donald Trump’s plan to end the production of pennies.

Finance Minister Koo Yun-cheol is likely to meet with Treasury Secretary Scott Bessent this Thursday to reach a tariff deal just before the hefty reciprocal duties take effect on Aug. 1, according to sources Sunday.

The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said on Monday, ahead of a U.S. deadline on Wednesday to finalize trade pacts.

Top economic officials from the United States and China are set to renew negotiations Monday -- with an extension of lower tariff levels on the cards -- as President Donald

Trump’s tariffs that are currently in effect have raised the effective US tariff rate — the average tax that US importers pay on foreign goods — from around 2% to 18%, the highest since 1934, economists at Yale’s Budget Lab said in a recent report. That works out to $2,400 a year in added costs for the average American household.

U.S. Treasury Secretary Scott Bessent is calling for a review of the central bank's operations as Federal Reserve Chair Jerome Powell faces mounting pressure to resign.

The 2+2 trade talks between Korea and the United States scheduled for Friday were canceled due to the “urgent schedule” of U.S. Treasury Secretary Scott Bessent, the Ministry of Economy and Finance announced Thursday.