As trade talks continue, crossings are down between the two countries. That could lead to a multi-billion-dollar hit to the U.S. tourism industry.

From the BBC World Service: AstraZeneca says it’ll invest $50 billion in the United States by 2030 as President Donald Trump threatens steep tariffs on drug imports.

President Donald Trump has threatened tariffs on drugs coming from overseas, but it might take more than that to reroute the global supply chain.

Recent data from the Labor Department has shown that the price of foreign exports to the U.S. — before tariffs — has held steady over the last few months. That means U.S. importers are absorbing most of the tariff burden.

Rachel Rozner, owner of Elden Street Tea Shop, recently purchased a wholesale tea company to attempt to avoid tariffs and charges from middlemen.

The Lone Star State sells about $100 billion of goods and services to Europe each year, more than any other state.

The June consumer price index will be the latest glimpse into whether tariffs are having an effect on consumer prices.

Businesses are having to figure out whether to absorb the cost of import taxes, pass them along, or a mixture of both approaches — all up and down supply chains.

From the BBC World Service: The European Union is looking further afield for trade agreements after weeks of testy talks with the U.S.

Federal Reserve Chair Jay Powell has reiterated that rate decisions will be data-driven — by inflation, and employment.