The White House said Tuesday that it was “setting the stage for a deal with China” on trade as administration officials seek to reassure nervous financial markets and investors that progress with

White House press secretary Karoline Leavitt said President Trump still supported Defense Secretary Pete Hegseth amid fallout from his use of Signal chats to share military information.

Key Takeaways Treasury Secretary Scott Bessent said the U.S.-China tariff war is "unsustainable" and will likely "de-escalate."Bessent's comments fueled a stock market rally due to the prospect of a deal ending a trade war that could be destructive to both economies.

The International Monetary Fund cut its global growth forecasts for this year and 2026, based on weaker performance estimates from the U.S. and China.

NBC News Business and Data Correspondent Brian Cheung discusses possible tariff de-escalation between the U.S. and China and the IMF’s economic outlook as a result of U.S. trade policy

The dollar regained some ground on Tuesday after U.S. Treasury Secretary Scott Bessent said in a closed-door meeting that he believes there will be a de-escalation in U.S.-China trade tensions. Bessent said neither side sees the status quo as sustainable,

South Korea has faced attempts to pass off goods from China as Korean exports. This is being done to circumvent US President Donald Trump's massive tariffs, Reuters reports. The Korean Customs Service said that in the first quarter,

One moment it's yes, the next it's no... We're not quite sure which way to turn when it comes to the tariffs imposed by the American president. However, it seems that matters are calming down with China.