President Trump on Friday took aim at Apple and the European Union in a significant escalation of his ongoing trade war. In a one-two posting spree on Truth Social early Friday, he threatened Apple with 25% tariffs on non-US-made iPhones,

The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.

President Trump believes that China would have suffered more harm than the U.S. in a prolonged trade war, and lowered tariffs on Chinese imports to 30% from 145% and Chinese tariffs on US goods to

President Donald Trump's Treasury Secretary Scott Bessent provided an update on its productive trade negotiations with China.

The United States and China have signed a "trade deal" after a more than month-long trade war between the world's two largest economies, the White House has said. The pair had been negotiating in Geneva,

"We're confident that the deal we struck with our Chinese partners will help us work toward resolving that national emergency," Jamieson Greer said.

Last week’s U.S.-China trade truce has sparked speculation as to what a potential trade deal between the two rivals might look like.

Importers are bringing in more goods with a recent tariffs pause, but not enough to guarantee retail store shelves won't run low, or empty in the months ahead.