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President Donald Trump and China’s Xi Jinping are set to meet June 29 amid hopes they will hit the pause button in their trade war and resume the search for a longer-term peace.

Global trade stumbled in April as the tariff war between the United States and China showed few signs of ending, figures released June 25 showed.

Mexico’s Senate ratified a North American trade deal with the U.S. and Canada, becoming the first to do so amid a truce reached with President Donald Trump over an unrelated tariff threat.

President Donald Trump’s decision not to impose tariffs on Mexico removed one obstacle for Congress to approve his North American trade deal, but his administration has more work to do to smooth the final stages of the accord’s ratification.

Republican lawmakers eager to halt a new round of tariffs on Mexican goods next week have spent days urging the Trump administration to negotiate a solution with Mexico’s government.

The U.S. and China exchanged barbs over which nation wrecked trade negotiations, deepening divisions that have laid bare a breakdown in trust between the world’s two largest economies.

The U.S. merchandise-trade deficit widened for a second month to the highest level since a record in December as exports dipped.

WASHINGTON — A federal infrastructure funding package is within reach, but lawmakers need to act soon, according to Rep. Earl Blumenauer (D-Ore.).

Economists expect the trade war between the world’s two largest economies to get worse before it gets better — culminating in a deal by year-end.

The U.S. average retail price of diesel fell 1.1 cents to $3.160 a gallon. Oil prices slipped to $61 a barrel as the United States and China imposed higher tariffs on the other’s goods, which chilled the outlook for demand.