The nation’s trade deficit in goods sank 11% in June to a 22-month low as U.S. companies grappled with on-again, off-again Trump tariffs, a pattern that’s likely to play out at over least a few more months.

After a “constructive” round of talks ahead of an Aug. 12 deadline, Treasury Secretary Scott Bessent said, “Nothing is agreed until we speak with President Trump.”

The Trump administration touts tariffs as part of a wider set of "America First economic policies," which have "sparked trillions of dollars in new investment in U.S. manufacturing, technology, and infrastructure," according to the White House's website.

India's equity benchmarks were flat in early trade on Wednesday as gains in Larsen & Toubro following upbeat earnings were offset by investor caution ahead of the U.S. Federal Reserve's policy decision and a looming U.

The White House wants to cut trade deficits and attract foreign investment — but the dollars foreign investors use come from U.S. imports. That means doing both at once may be mathematically impossible. Trade math doesn't lie.

Tariffs, including the 15% rate for most imports from the EU, would raise consumer prices by 1.8% in the short run, according to the Yale Budget Lab.

Fairbanks isn’t quite the same pitcher he was in 2023, when he struck out 68 in 45 innings. His strikeout rate has dropped, but he still keeps the ball on the ground and limits barrels as well as anyone. The Rays hold a team option for 2026, so they won’t feel pressured to deal him unless the return is strong.

The Orioles continued their deadline fire sale Tuesday by trading reliever Seranthony Domínguez to the Blue Jays for a pitching prospect.