A flight from U.S. financial assets prompted by President Trump’s trade war is subsiding as the White House appears increasingly keen to strike a new trade deal with top U.S. trading partner

The dollar barely recouped its heavy losses on Tuesday as investors were no clearer on whether a de-escalation of the Sino-U.S. trade war was underway with Treasury Secretary Scott Bessent suggesting the onus was on China to start negotiations.

Chinese Foreign Minister Wang Yi called for resistance against what he described as a "bully," referring to U.S. President Donald Trump. The diplomat warned against giving in to the Republican's demands on tariffs.

Voters returned Donald Trump to the White House in November believing he would be better for the economy than his opponent, Democratic Vice President Kamala Harris.

President Donald Trump will soon announce moves to reduce the impact of his tariffs on the U.S. auto industry, a top Trump administration official confirmed late Monday.

Tuesday marks 100 days of the second Trump administration, and fresh news that some of President Trump’s tariffs are being eased. The president marked the milestone in Michigan to tout an economic policy that Democrats and a majority of Americans aren’t a fan of.