Treasury Secretary Scott Bessent told Congress that it is "highly likely" that a pause related to steep new US tariffs on other countries will be extended for countries that are negotiating with the administration "in good faith.

(Reuters) -U.S. Commerce Secretary Howard Lutnick said on Wednesday that the 55% tariffs imposed by the United States on China will not change after a trade deal was struck between the two countries.

LONDON (AP) — President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will go to 55%.

Imports at several of the busiest U.S. seaports dropped sharply in May, after President Donald Trump's short-lived 145% tariffs on many goods from China stalled trade, according to data from Descartes Datamyne.

Valle y Pampa typically ships 60% of its blueberries to the United States and the rest to Europe. This year, though, it is planning its first big China shipment to mitigate the impact of a 10% U.S. tariff on all goods from Peru.

The crypto market cap stood at $3.44 trillion as President Donald Trump claimed that the trade deal with China has been finalized, pending final approval from him and President Xi Jinping. The U.S. gets 55% tariffs, and China gets 10% tariffs, Trump added. He also said:

China, Mexico, the European Union, Japan, Canada and many airlines and aerospace companies worldwide urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts,