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United Kingdom Prime Minister Keir Starmer and U.S. President Donald Trump agreed June 16 to implement a trade deal announced last month, with one notable exception.

As the G7 summit begins in Canada, the U.S. has hit several nations with tariffs, there is little progress in settling wars in Ukraine and Gaza, and a new conflict involves Israel and Iran.

Nippon Steel won conditional U.S. approval for its $14.1 billion purchase of U.S. Steel, capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.

The drop in port activity came as importers and retailers — especially those with business in China — grappled with the uncertainty of Trump’s trade war.

The Labor Department reported June 12 that its producer price index rose 2.6% in May. Producer prices rose 0.1% from April to May after dropping 0.2% the month before.

The IMF is seeing signs that the rise in trade and activity to front-run President Donald Trump’s tariffs is beginning to unwind as the global economy still faces heightened uncertainty.

After fresh negotiations in London, tariff rates remain essentially unchanged. Rare earth shipments from China are set to return to pre-April 2 conditions.

The permit allows a private investment group to construct, maintain and operate a commercial elevated guideway crossing at the U.S.-Mexico border in Laredo, Texas.

The trucking industry is facing a tepid financial outlook amid volatile market conditions compelled by the ongoing tariff-fueled global trade war, experts said.

President Donald Trump said he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties.