To recap, currently the tit-for-tat trade war between Beijing and Washington D.C. has entered something of a truce, with Treasury Secretary Scott Bessent announcing a 90-day pause in May. Both sides agreed to lower their rates by 115%, meaning Bejing faces a 30% tariff and the U.S. faces a 10% tariff.

"London is back," the capital's Mayor Sadiq Khan told CNBC on Wednesday, laying out his ambition to attract investors, visitors and students away from the U.S.

Students shut out of U.S. universities by President Donald Trump's administration should instead come to the U.K., London Mayor Sadiq Khan told an event on Monday.

Trump announced that the U.S. would charge a 55% tariff on Chinese goods, while Beijing would impose a 10% tariff on U.S. goods. He also proclaimed that China will continue to export magnets and rare earth materials, while the U.S. would allow Chinese students to continue studying the U.S.

LONDON (AP) — President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will go to 55%.

Stephen Olson, visiting fellow at ISEAS Yusof Ishak Institute, says he expects US & China will make any significant moves after their trade talks in London – but that neither will 'go home empty-handed'.

Travel ban: Citizens from 12 countries, primarily in Africa and the Middle East, are barred from traveling to the United States under an order announced by President Trump last week that went into effect on Monday. The ban is part of the Trump administration’s wide-ranging crackdown on immigration. Read more ›

Newsom said he believed the president was required to coordinate with the state’s governor before ordering such a deployment.