Taylor Tompkins

3 days ago | investopedia.com | Taylor Tompkins

Key TakeawaysThe Bureau of Labor Statistics is scheduled to release its monthly jobs report on Friday morning, and investors will watch closely. The May employment report is the government's official measure of the labor market. If other measures from the private sector are any indication, Friday's report could be a harbinger of tariffs' effects on the broader economy. Here's what to know about the report ahead of its release.

3 days ago | investopedia.com | Taylor Tompkins

U.S. President Donald Trump and Chinese counterpart Xi Jinping held talks this morning, according to reports from Chinese media. While there weren't any details of the discussion, it was likely about trade tensions that have been reignited in the past week. Despite reaching a temporary trade agreement in mid-May, the two countries have accused the other of ignoring or undermining the deal.

1 week ago | investopedia.com | Taylor Tompkins

A temporary deal spurred optimism that the U.S. and China could reach a trade agreement before their trade war caused too much economic damage. On Friday, that outlook didn't seem so bright. President Donald Trump posted on the social media website Truth Social that China has "totally violated its agreement with us." The president did not explain in his Friday morning post how China may have infringed on the pact.

2 weeks ago | investopedia.com | Taylor Tompkins

At the end of what was a quiet week in trade talks, President Donald Trump has suggested a 50% tariff on the European Union. In a Truth Social post Friday morning, Trump said that the 27-nation bloc "has been very difficult to deal with" in trade discussions. A few days earlier, Bloomberg reported that the EU submitted a proposed trade agreement to the White House that included slowly reducing import taxes on both countries to zero on some agricultural products and industrial goods.

3 weeks ago | investopedia.com | Taylor Tompkins

Key Takeaways The headlines of trade deals and negotiations are spurring optimism in markets. The White House's underlying trade strategy, however, remains the same. President Donald Trump's administration over the past week has negotiated a deal with the U.K. that gives it a break on sector tariffs and temporarily lowered 30% import taxes on Chinese goods. A 10% baseline tariff, however, remained in place in both cases, and White House officials say that will be the new normal for U.S. trade.