These include the "fentanyl tariffs," Trump imposed at the outset of his second term, the "reciprocal tariffs" he announced on April 9 (which so far have extended only to China), and the de minimis tariffs on low-cost imports from China.

Most of President Trump’s tariffs were halted late Wednesday by a US trade court in a sharp rebuke of the president’s signature trade war policy.

U.S. Federal Reserve staffers have scrambled since January to decipher what Trump administration trade policies will mean for the economy, with published tallies of potential income losses, inflation estimates running as much as 2 percentage points higher,

There is now a "healthy debate" within the Federal Reserve about whether any inflation triggered by President Trump’s tariffs will prove to be transitory, according to Minneapolis Fed president Neel Kashkari.

The Federal Open Market Committee (FOMC) will release the Minutes of its May 6-7 meeting on Wednesday. Back then, policymakers decided to keep the Fed Funds Target Range (FFTR) unchanged at 4.25%-4.50%, as widely anticipated by market participants.

Amid U.S. tariff threats, Taiwan's President Lai commits to buying more U.S. goods. Congressional delegations discuss trade, energy, and defense sales.

President Trump said he believes that the Federal Reserve is making a mistake by not lowering interest rates. He met with Fed Chairman Jerome Powell on May 29.

Federal Reserve officials expressed concern that they could face a challenging decision if President Donald Trump's tariffs bring a surge in inflation, according to minutes from the US central bank's May meeting,