Josh Boak | Associated Press

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

President Donald Trump is suggesting that Nippon Steel will no longer buy U.S. Steel as planned, but the Japanese company will instead invest in the symbolically important American business.

President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker.

Donald Trump had vowed early in the presidential campaign that he would “instantaneously” block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp.

The White House is signaling an openness to formally blocking the acquisition of U.S. Steel by Nippon Steel, as a government review of the proposed takeover by the Japanese company is on the cusp of ending.

President Joe Biden is opposing the planned sale of U.S. Steel to Nippon Steel of Japan, saying the U.S. needs "strong American steel companies powered by American steel workers.”

President Joe Biden is praising what he says were “Herculean efforts” to rebuild at the site of last February's train derailment in East Palestine, Ohio. Biden is visiting Friday, more than a year after a train loaded with hazardous chemicals derailed causing a deadly explosive fire.

President Joe Biden has decided to set aside the usual big White House budget unveiling to showcase his new fiscal year plans this week in Pennsylvania. Not coincidentally, that's a must-win state in the 2024 election.

Transportation Secretary Pete Buttigieg is warning the CEO of Norfolk Southern that the freight rail company must “demonstrate unequivocal support for the people” of East Palestine, Ohio, and surrounding areas.

Biden's visit to the facility in the Lehigh Valley comes as his administration pushes new “buy American” efforts and advocates for government investments and clean energy as ways to strengthen U.S. manufacturing.