Retailers, wholesalers and distributors say shifting U.S. trade policies have led to pervasive uncertainty as they gear up for back-to-school and holiday orders.

Elon Musk has reignited his criticism of Donald Trump’s trade policies, warning that the president’s proposed tariffs could tip the U.S. into a recession. Responding to Dogecoin co-creator Billy Markus — known on X as @BillyM2k — who wrote,

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

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

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.

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.