Despite signs of a thaw earlier this week, Washington and Beijing are locked in a standoff on tariffs, and global supply chains are feeling the pressure. Disruption from tariffs is occurring at

President Donald Trump can't stop contradicting himself on his own tariff plans. He says he's on a path to cut several new trade deals in a few weeks — but has also suggested it's “physically impossible" to hold all the needed meetings.

Nobel laureate Paul Krugman warns that President Trump’s unpredictable and often reversed tariff policies are creating deep uncertainty, discouraging business investment and thus increasing the risk of recession.

Beijing’s pushback comes after Trump signaled a softening of his stance on high tariffs against China and suggested he expected trade talks between both sides soon.

US President Donald Trump has signaled a potential U-turn on his trade war with China, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.”