The fast-worsening trade war between the United States and China — the planet’s premier geopolitical powers, whose economies are intricately entwined — threatens to wreak severe damage on both nations and will send shockwaves worldwide.

U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war. Trump made the comments during a Cabinet meeting opened to press. U.S. Treasury Secretary Scott Bessent said during the meeting that as they settle deals with countries,

Kimbal Musk's comments come as his brother Elon Musk — a major Trump backer — has recently broken with Trump and his administration on tariffs.

After attacking Donald Trump’s trade adviser, Elon Musk was silent when Trump paused some tariffs. MSNBC’s Lawrence O’Donnell asks, “When did Elon Musk know that his stock price was going to start climbing back up because Donald Trump was going to announce that he was backing down?

Tesla stock (TSLA) rose 2.3% to $227.30 in early Wednesday trading after a chaotic 24 hours that saw Elon Musk publicly slam President Trump’s

U.S. President Donald Trump's about-face on sweeping import tariffs did little to soothe companies' worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains.

Following one day of respite, the U.S. stock market returned to its downward spiral Thursday amid ongoing concerns tied to President Donald Trump’s proposed tariffs. At market close, the tech-stock-heavy Nasdaq Composite index was down 4.