The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.

An alumnus of the first Trump White House assessed that, of Trump’s Cabinet, Bessent seems to be the “most serious person in the room.”

Diplomats with the European Union are still waiting for in-depth negotiations to begin. And it's unclear how quickly a substantive agreement with China could be reached.

The U.S. and China agreed to lower tariffs for 90 days. The details: U.S. tariffs on Chinese goods will fall to 30 percent from 145 percent. Meanwhile, China’s blanket tariffs on U.S. products will drop to 10 percent from 125 percent. A few tariffs will remain. President Donald Trump signed an order to lower prescription drug prices.

Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.

President Donald Trump is expected on Monday to embark on an official visit to the Middle East, a major international trip during which he and his diplomats will continue pushing for peace between Russia and Ukraine and in the Gaza Strip.

China and US have also agreed to take "aggressive" measures to curb the flow of fentanyl, which could then result in the elimination of the extra 20% levy.

The Dow Jones surged on the stock market today. Treasury Secretary Bessent spoke out on China amid tariff progress. Alibaba cleared an entry.