For instance, China recently waived tariffs on US ethane imports. This approach allows Beijing to maintain a firm public stance while offering be

The US economy shrank in the first three months of the year due a drop in government spending and a surge in imports as firms raced to get goods into the country ahead of tariffs. The economy contracted at an annual rate of 0.3%, a sharp downturn after growth of 2.4% in the previous quarter, the Commerce Department said.

The New York Times' Lauren Hirsch discusses how markets are reacting to Trump's tariffs and Trump's defense of the tariffs.

U.S. automakers are set to get a break on some of the sweeping tariffs President Donald Trump is imposing. Yet even with the new waivers, the outlook for America's longest-lived carmakers remains cloudy, with General Motors saying Tuesday it was "reassessing" its earnings guidance in light of the uncertainty over the tariffs impact.

WASHINGTON—President Trump moved to soften the impact of his automotive tariffs, preventing duties on foreign-made cars from stacking on top of other tariffs he has imposed and easing some levies on foreign parts used to manufacture cars in the U.

President Donald Trump will soon announce moves to reduce the impact of his tariffs on the U.S. auto industry, a top Trump administration official confirmed late Monday.