The push to reduce<\/a> food prices comes after electoral wins for Democrats across a number of key state and local races where candidates stressed affordability concerns. Trump has also in recent weeks floated the possibility of a tariff “dividend” for many Americans in the form of a $2,000 check.<\/p>\n Trump also in recent days floated the possibility of reducing \u2014 or completely eliminating \u2014 personal income tax.<\/p>\n Read more: What Trump’s tariffs mean for the economy and your wallet<\/a><\/p>\n US Cyber Monday spending slowed in comparison to Europe, according to data released by Salesforce Inc. (CRM<\/a>). This is seen as a new phenomenon and reflects the impact of President Trump’s trade war on consumer spending.<\/p>\n The US announced<\/a> a major pharmaceuticals deal with the UK on Monday, which will lead to zero import tariffs on pharmaceutical products. The news, first reported<\/a> in The Times on Monday, follows the agreement made by the two sides back in April, where a 10% US tariff was placed<\/a> on most UK imports.<\/p>\n US Commerce Secretary Howard Lutnick has announced that the general tariff rate on imports from South Korea , which includes autos, will drop to 15% retroactive to November 1 because South Korea has started to implement<\/a> the its US investment commitments.<\/p>\n The Trump administration is negotiating a deal that would commit<\/a> Taiwan to new investment and training of US workers in semiconductor manufacturing and other advanced industries. Taiwan is pushing<\/a> for tariffs on its goods to be cut to 15%.<\/p>\n Trump said Chinese leader Xi Jinping “pretty much” agreed to increase<\/a> the speed and size of the country’s agricultural purchases. Trump and Xi held their first call last week since the US and China struck a trade and tariff truce.<\/p>\n Friction between the US and EU continues to build as the two nations look to implement the framework agreement struck earlier this year. The EU is seeking lower tariffs on certain goods, but it rejected a demand to ease tech rules<\/a>.<\/p>\n LIVE 106 updates <\/p>\n Reuters reports:<\/a><\/p>\n Read more here. <\/a><\/p>\n Trump says he may cut income tax ‘completely’ because of tariff income <\/p>\n President Trump said on Thursday that his administration may be in a position over the next two years to slash income tax due to the revenue generated from tariffs.<\/p>\n The US president made the statement on a Thanksgiving video call to US military service members.<\/p>\n This latest move from Trump follows the idea floated in recent weeks of a tariff “dividend” for Americans in the form of a $2,000 check. It also comes on the heels of electoral wins for Democrats across several key state and local races, where candidates stressed affordability concerns.<\/p>\n Trump himself has said previously that the American people are “paying something” for tariffs.<\/p>\n Reuters reports:<\/p>\n Read more here. <\/a><\/p>\n US Cyber Monday spending slowed in comparison to Europe, according to data released by Salesforce Inc. (CRM<\/a>). This is seen as a new phenomenon and reflects the impact of President Trump’s trade war on consumer spending.<\/p>\n While global online spending, mainly from Europe, rose 5.3% as of 12 pm ET compared with a year ago, US spending rose by only 2.6%. Salesforce, which tracks the transactions of 1.5 billion consumers, said that Black Friday spending grew twice as fast as US sales.<\/p>\n Trump has said that he plans to take action to help US consumers feeling the pinch due to tariffs, such as cutting income tax due to the revenue from tariffs, alongside providing Americans with a $2,000 tariff “dividend” check.<\/p>\n Bloomberg News reports:<\/p>\n Read more here.<\/a>\u00a0<\/p>\n The US announced a major deal on Monday to secure zero tariffs on British pharmaceutical imports and medical device technology in return for Britain spending more on medicines and overhauling how it values drugs.<\/p>\n Under the new deal, the UK will raise the net price it pays for new US medicines by 25%. In return, UK-made drugs and medical devices will be exempt from Section 232 sectoral tariffs and any future Section 301 country \u200ctariffs.<\/p>\n Reuters reports:<\/p>\n UK CHANGES SYSTEM FOR ASSESSING IF DRUGS ARE COST-EFFECTIVE<\/p>\n Read more here. <\/a><\/p>\n Reuters reports:<\/a><\/p>\n Read more here. <\/a><\/p>\n The US and UK are ready to agree on a trade deal that would equal zero import tariffs on UK pharmaceutical products into the US.<\/p>\n Reuters reports:<\/p>\n Read more here. <\/a><\/p>\n Bloomberg reports:<\/p>\n Read more here. <\/a><\/p>\n Mon, December 1, 2025 at 6:30 AM UTC Taiwan in negotiation for a drop in tariff rate from 20% to 15% <\/p>\n Reuters reports:<\/p>\n Read more here. <\/a><\/p>\n Bloomberg News reports:<\/a><\/p>\n Read more here. <\/a><\/p>\n It wasn’t so long ago that a social media post from President Trump would cause a flurry of excitement among multinational companies, the media, and foreign governments. However, things may have changed. Markets and investors are no longer fazed by Trump’s aggressive tariffs, according to the FT’s senior trade writer Alan Beattie.<\/p>\n The FT reports:<\/p>\n Read more here. <\/a><\/p>\n Reuters reports:<\/a><\/p>\n Read more here<\/a>.<\/p>\n President Trump’s tariffs have created chaos for many US small businesses. When Trump threatened 180% tariffs on Chinese imports in April, small businesses scrambled to find cheaper production facilities, with many exploring Thailand. But when rates in China were cut to 20%, the alternative factories proved more costly. As a result, orders were delayed, and many businesses were left short on stock.<\/p>\n Reuters reports:<\/p>\n Read more here. <\/a><\/p>\n The FT reports:<\/a><\/p>\n Read more here. <\/a><\/p>\n Some of China’s top companies are training their AI models overseas to access Nvidia’s (NVDA<\/a>) chips and bypass efforts to prevent their development of the powerful technology.<\/p>\n Alibaba (BABA<\/a>) and ByteDance are among some of the tech groups training their largest language models in data centres across south-east Asia, according to people familiar with the matter.<\/p>\n The FT reports:<\/p>\n Read more here. <\/a><\/p>\n The price of coffee is not going down anytime soon, according to Italian roaster Illycaffe SpA. Coffee lovers hoping for a quick fix with prices will have to wait a little longer as the expected pullback from a reduction in US tariffs will take some time to materialize.<\/p>\n Bloomberg News reports:<\/p>\n Read more here. <\/p>\n The Trump administration announced on Wednesday that it will extend tariff exemptions on hundreds of Chinese products until November 2026, citing the new trade deal between the US and China as the reason for the extension.<\/p>\n What this means is that the US will continue to let certain Chinese imports skip paying taxes for one year, keeping a temporary break that was already in place due to their disputes over technology and trade secrets.<\/p>\n Reuters reports:<\/p>\n Read more here. <\/a><\/p>\n Reuters reports:<\/a><\/p>\n Read more here. <\/a><\/p>\n Bloomberg reports:<\/p>\n Read more here<\/a>.<\/p>\n President Trump said on Tuesday that China’s leader Xi Jinping “pretty much” agreed to expand Beijing’s purchase of US agricultural products.<\/p>\n \u201cI think he\u2019s going to very much surprise you on the upside,\u201d Trump told reporters aboard Air Force One on Tuesday. \u201cI think he\u2019s going to \u2014 I asked him, \u2018I\u2019d like you to buy a little faster, I\u2019d like you to buy a little more.\u2019 And he\u2019s more or less agreed to do that.\u201d<\/p>\n Bloomberg News reports:<\/p>\n Read more here. <\/a><\/p>\n The Trump administration is in talks with Taiwan on a trade deal that would commit Taiwan to fresh investment and training of US workers in chip manufacturing and other advanced industries, according to Reuters.<\/p>\n Under the agreement, Taiwanese companies, such as TSMC (TSM<\/a>), the world’s largest contract chipmaker, would invest new capital and workers to expand their US operations \u2014 and also train US workers.<\/p>\n Reuters reports:<\/p>\n Cyber Monday US spending growth trails Europe amid tariffs <\/p>\n
US announces zero tariff pharmaceutical deal with Britain <\/p>\n
US manufacturing stuck in doldrums as tariff headwinds persist <\/p>\n
Mon, December 1, 2025 at 12:19 PM UTC US-UK ready to agree on zero tariffs on pharmaceuticals <\/p>\n
Mon, December 1, 2025 at 9:27 AM UTC Asia’s factories stumble as US trade deals fail to revive demand <\/p>\n
Sat, November 29, 2025 at 10:30 AM UTC China demands Malaysia, Cambodia clarify US trade deals <\/p>\n
Fri, November 28, 2025 at 10:00 PM UTC The hot air of Trump\u2019s tariffs is approaching a ceiling of cold reality <\/p>\n
Fri, November 28, 2025 at 5:17 PM UTC EU members seek safeguards in US tariff deal to protect industry <\/p>\n
Fri, November 28, 2025 at 10:38 AM UTC Small US retailers face holiday supply chaos due to Trump tariffs <\/p>\n
Fri, November 28, 2025 at 2:00 AM UTC Swiss politicians decry \u2018gold bar diplomacy\u2019 in Trump trade deal <\/p>\n
Thu, November 27, 2025 at 8:00 PM UTC China\u2019s tech giants take AI model training offshore to tap Nvidia chips <\/p>\n
Thu, November 27, 2025 at 3:00 PM UTC High coffee prices are here to stay for longer despite US tariff cuts <\/p>\n
Thu, November 27, 2025 at 10:22 AM UTC US continues to waive China import taxes on certain products for 1 year <\/p>\n
Thu, November 27, 2025 at 2:38 AM UTC South Korea submits special bill aimed at cutting US car levies <\/p>\n
Wed, November 26, 2025 at 9:38 PM UTC Canada to add new tariffs to US steel, curb imports <\/p>\n
Wed, November 26, 2025 at 10:19 AM UTC Trump says Xi \u2018pretty much\u2019 agreed to expand agricultural buys <\/p>\n
Wed, November 26, 2025 at 9:33 AM UTC Trump team negotiating trade deal with Taiwan that could help train US workers <\/p>\n