The U.S. and China have agreed to temporarily rollback on some tariffs. Adam Posen, president of the Peterson Institute for International Economics, puts today’s deal into context.
Despite the collapse of the Francis Scott Key Bridge last March, the Port of Baltimore reported its second-best year ever in 2024. But as expectations for 2025 waver, Sue Monaghan is trying to keep calm and carry on.
Specifics are still TBD, but the U.K. got a reprieve on auto, steel and aluminum tariffs, while the U.K. may open up to more U.S. agricultural products.
President Donald Trump has said he wants a “fair trade deal,” but the pressure created by sky-high tariffs might limit what can be accomplished at talks this week.