South Korea's exports fell in May for the first time in four months, as shipments to the United States and China dropped on global trade conflict triggered by U.S. President Donald Trump's sweeping tariffs.

Jamie Dimon spoke at the 2025 Reagan National Economic Forum on Friday.Dimon said he hoped the US could "get our own act together" amid the US-China trade war.Trump said China "violated" its trade agreement with the US this week.

The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.

Commerce Secretary Howard Lutnick said Sunday that “tariffs are not going away” after a US appeals court paused a block on many of the Trump administration’s sweeping tariffs.

A recent Wood Mackenzie report examines two possible tariff scenarios and concludes that costs will skyrocket for both utility-scale solar development and battery energy storage systems.

As the deadline for reactivating tariffs looms, the White House is pushing for a high-level dialogue with China. Amid renewed tensions and mutual accusations of breaching a previous trade agreement, President Trump aims to engage directly with Chinese leader Xi Jinping.

In a post on Truth Social Thursday night, Trump railed against the U.S. Court of International Trade’s ruling the previous day, which found that the president had exceeded his legal authority by imposing sweeping tariffs on dozens of countries, based on vague claims of “national emergencies.”

A federal judge blocked Trump's emergency tariff powers as economic tensions escalated, with Larry Summers warning of a looming fiscal crisis, Japan unveiling stimulus to counter U.S. tariffs, U.S.-China trade talks stalling,