Progress toward reducing trade barriers has been made but uncertainty from U.S. trade policy will lead to weaker growth and continued lower inflation in the U.K., Lombardelli said.

President Donald Trump’s informal elevation of Treasury Secretary Scott Bessent as his top adviser on trade seems to have advanced negotiations with American trading partners and eased concerns among

China criticized the trade agreement reached between the U.S. and the U.K. last week as it could potentially push Chinese products out of British supply chains.

The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.

When President Trump ended a tariff exemption for small packages from China and Hong Kong, e-commerce companies Shein and Temu lost a big advantage as they became exposed to Trump’s new sky-hig

The White House backed off from the steepest levies, as the costs of an all-out trade war with China threatened global economic growth.

The President and CEO of the US Meat Export Federation says the U.S. trade agreement in principle with China is good news for beef and pork exports. Dan Halstrom says the deal significantly drops tariff rates for muscle cuts and variety meats.

The agreement between the U.S. and China to cut levies imposed on each other marks a major thaw in trade relations. WSJ’s Jason Douglas explains what it means for the world’s two largest economies.