The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.

China’s services sector is buckling under U.S. tariffs, with new data showing a dramatic slowdown in April — the latest

The city’s July 3 fireworks show at Dublin Park depends – like countless pyrotechnic events nationwide to mark Independence Day – on materials produced almost entirely in China.

The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for US small businesses, who remain cautious as tariffs are still sky high by historical levels and are also pressuring profits.

Economists believe the US will skirt a recession as lower tariffs than initially announced by the Trump administration are set to handicap consumer spending less than previously feared.

As the U.S. and China negotiate a trade deal, Trump has lowered a levy on “de minimis” low-value packages, such as online shopping from Shein or Temu.

President Donald Trump's plan for tariffs on imports has guided the stock market's direction over the past few weeks. The initial plan, with double-digit tariffs for countries around the world, shook the market, even pushing the Nasdaq Composite ( ^IXIC 1.61%) to fall into a bear market.