Taylor Tompkins

2 days 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.

3 days ago | investopedia.com | Taylor Tompkins

Both U.S. and Chinese officials described the weekend's trade talks as productive, providing hope that the world's largest economies could end the trade spat spurred in recent weeks. U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer spoke with reporters Sunday after trade discussions with Chinese officials ended in Switzerland. Bessent said "substantial progress" was made during the talks and that more details would be released Monday.

3 days ago | investopedia.com | Taylor Tompkins

President Donald Trump says he is looking to reduce the price of prescription drugs this week. In a post on Truth Social Sunday evening, Trump said he would sign an executive order Monday morning to ensure the U.S. pays the same price as the lowest costs paid by any other nation. He said he expects the order will reduce the cost of pharmaceuticals by 30% to 80%.

3 weeks ago | investopedia.com | Taylor Tompkins

Key TakeawaysTariffs could moderate, if new comments by President Donald Trump and the White House are any indication. Trump and his trade advisors are negotiating trade deals with dozens of countries. Those deals will likely end with lower tariffs than are currently on the table; under the paused "reciprocal" tariffs, import duties of up to 50% were charged on nearly 60 countries.

3 weeks ago | investopedia.com | Taylor Tompkins

Despite his criticism over the past few days, President Donald Trump said he has "no intention" of firing Federal Reserve Chair Jerome Powell. Speaking to reporters on Tuesday, Trump said he hoped Powell would cut interest rates soon but never planned to fire the central banker. "I would like to see him be a little more active in terms of his idea to lower interest rates," Trump said. "It's a perfect time to lower interest rates. If he doesn't, is it the end? No, it's not.