China and the European Union may be looking to strengthen trade ties as Beijing looks to ramp up exports to the EU as trade with the U.S. falters under severe tariffs.

Trump said China had been in touch since the imposition of tariffs and expressed optimism that they could reach a deal.

Statement: The U.S. is “taking in almost $2 billion a day in tariffs.” Before pausing country-by-country tariffs for 90 days, President Donald Trump repeatedly said tariffs were bringing in immense revenue.

Here’s a quick guide to the Trump administration’s talks with a number of different countries about tariffs and trade, as markets prepare for another week of headlines and signs of potential agreements.

Donald Trump claimed America is “taking in billions and billions of dollars” as a result of global trade tariffs. The US president said nothing he heard during a White House meeting with Italy's prime minister Giorgia Meloni on Thursday (17 April),

Trump’s call for Powell’s ousting comes after the markets tumbled in response to his comments yesterday that tariffs could spur price hikes and further weaken the economy. Trump’s post also came shortly after the European Central Bank lowered rates by a quarter point this morning,