KEY TAKEAWAYS Treasury Secretary Scott Bessent said the U.S. is "very happy" with the current tariff situation with China, indicating there likely won't be any immediate changes to the trade truce between the two countries.

Treasury Secretary Scott Bessent indicated the US is satisfied with the current tariff set up with China, a signal the Trump administration is looking to maintain calm with its economic rival before a trade truce expires in November.

The Trump tariffs present something of a mystery. Trump's new import taxes raise the cost of many imported products by nearly 20%, on average. Yet price changes at the wholesale and retail level are nowhere near that magnitude.

Sony joins Microsoft and Nintendo in raising gaming console prices following President Donald Trump’s tariffs on China.

“Many Black entrepreneurs started off with less wealth,” Perry said. He said that the wealth gap puts Black entrepreneurs, especially those in low-margin businesses like consumer goods or hair care services, into precarious financial positions as tariffs eat into their bottom lines.

Hundreds of different goods just got a lot more expensive to import into the United States, now that Donald Trump’s 50% tariff on steel and aluminum tariffs has kicked in.

On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.

Apple is manufacturing all four of its iPhone 17 models in India ahead of next month's launch, according to Bloomberg. That marks a first for the company, as it tries to mitigate the effects of President Trump's tariffs on products produced in China.