President Donald Trump said he has reached a trade agreement with Philippine leader Ferdinand Marcos Jr., following a meeting Tuesday at the White House, that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there.

The US-China deal under negotiation is likely to bear similarities to the phase one trade agreement from Donald Trump's first term, according to a former senior official in that administration - offering clues to what the highly anticipated pact may look like just weeks before a trade truce between the two rival economies is set to expire.

Iran's threat to close the Strait of Hormuz – one of the world's most critical transit routes, through which roughly a quarter of the world's global oil supply passes – would leave China especially vulnerable. It is estimated that Beijing imports 90% of the oil Iran sells.

Despite the China- backed initiative making limited progress, dozens of nations are still eager to join.US President Donald Trump is doubling down against the BRICS bloc of fast-growing economies-- including Brazil,

Donald Trump set a deadline of July 9 2025 for trade deals to be made before he hits some of the world’s biggest economies with his controversial tariffs. It’s impossible to predict what will ...

Any country aligning themselves with the anti-American policies of BRICS will be charged an additional 10% tariff."

S. Korean official attends forum in Washington Ahn Se-ryeong (C), economic minister at the South Korean Embassy in Washington; Wendy Cutler (R), vice president of the Asia Society Policy Institute; and Tami Overby,

Item 1 of 3 U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D ...

Russian minister Maxim Reshetnikov has warned that the country's economy was teetering "on the brink of recession".