The Latest Breaking News from Howard Lutnick

The EU is under pressure to strike a trade deal with Trump, but an influx of mass-produced, low-quality food must be off the table, says Guardian Europe columnist Alexander Hurst

Treasury secretary and former head of DOGE clashed in West Wing in April within earshot of Donald Trump in Oval Office

Triple-digit bilateral tariffs have been brought down to double digits. Negotiations on semiconductors and rare earth elements will continue.

Trade secretary Jonathan Reynolds says US is expected to slash tariffs ‘very soon’ after talks with US counterpart

Nigel Farage fails to understand ‘the pride in where we’re from and what we represent’, the business secretary said

June S&P 500 E-Mini futures (ESM25) are down -0.35%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.30% this morning as concerns around U.S. trade policy and escalating geopolitical tensions weighed on sentiment, while investors awaited the release of crucial producer inflation data.

The president said that he would set country-specific rates in less than two weeks — after reaching a tariff deal with China.

At 55 percent, the tariffs are still high, but some experts expect they will drop further.

June S&P 500 E-Mini futures (ESM25) are trending down -0.14% this morning after the U.S. and China agreed on a framework to ease trade tensions, but investors were left disappointed by the lack of details, with the focus now shifting to the release of key U.S. inflation data.