Marketplace has been following Lei’s business since 2018, just before President Trump imposed tariffs in his first term. Not only did his business survive the extra levies, but Lei said the percentage of his sales to the U.S. went up from 50% in 2018 to 70% at the start of this year.

China and the U.S. have agreed to more tariff talks amid a trade standoff and concerns over rare earths, President Donald Trump said Thursday after a call with China's leader. Trump and Chinese leader Xi Jinping spoke on Thursday at a time when stalled tariff negotiations between their two countries have roiled global trade.

The US trade deficit more than halved in April as President Donald Trump's global tariffs reversed an import surge that preceded the new duties.

President Donald Trump is scheduled on Thursday to host Germany’s newly elected chancellor, Friedrich Merz, in the Oval Office.

President Donald Trump plans to welcome German Chancellor Friedrich Merz to the White House on Thursday for a meeting that is certain to touch upon Trump’s tariffs policy, which has a major impact on German exports.

President Trump had just welcomed the German chancellor to the White House when he began lashing out at Elon Musk. The ensuing storm eclipsed Friedrich Merz’s inaugural visit. While he lambasted the tech billionaire,

White House trade advisor Peter Navarro reacted to Elon Musk's criticisms of President Trump's tariffs as Mr. Trump and Musk's public feud continues. CBS News' Aaron Navarro has the latest from the White House,

The tech billionaire has suddenly fallen out with Donald Trump, and the two are jousting on social media.

Even before Donald Trump’s “Liberation Day” tariffs on April 2nd, the median estimate among the 48 who were surveyed by the University of Chicago’s business school was that Mr Trump’s levies would raise inflation in 2025 by 0.

President Donald Trump urged the Federal Reserve to cut interest rates by a full percentage point, intensifying his pressure campaign against Chair Jerome Powell.

The U.S. Federal Reserve should cut interest rates by a full percentage point, President Donald Trump said on Friday as he reiterated his view that Fed Chair Jerome Powell has been too slow to lower borrowing costs.