The Wharton finance professor said if the levies are lifted, the market is likely to pass new milestones.

Trump administration officials work to stabilize U.S.-China relations after trade war threats, with President Donald Trump prepared to meet Xi Jinping.

Markets have been whipsawed by the latest round of escalation and de-escalation in the U.S.-China trade war. After stocks tumbled when Trump announced the new 100% tariff, they rebounded sharply after he said “Don’t worry about China” and vowed that everything will be fine.

U.S. soybean farmers headed into harvest season facing a problem possibly more daunting than a drought or a tornado. China, the top global buyer of soybeans, has moved away from American beans in the heart of the selling season.

The United States has been undermining the rules-based multilateral trading system since the new administration took office in 2025, China's Ministry of Commerce said on Friday,

Trump blamed Beijing for the latest impasse, a dispute over China's sweeping new export restrictions on rare-earth minerals and magnets.

Concerns about U.S. trade policy are back in the spotlight after being overshadowed by the government shutdown and other matters.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.