President Donald Trump and Chinese President Xi Jinping will speak soon to iron out trade issues including a dispute over critical minerals.

The chief investment officer of market intelligence firm Fundstrat says that President Donald Trump's trade war is nearing its end as courts rule against the White House.

White House press secretary Karoline Leavitt sharply criticizes the judges on a federal trade court that blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.

The White House’s chief economist dismissed the idea that tariff increases will have a lasting impact on US inflation, and cited the potential for interest rates to get back down to pre-Covid levels.

Asian share markets made a wary start to the week on Monday as investors navigated the shifting sands of White House tariff policy, while awaiting key U.S. jobs data and a widely expected cut in European interest rates.

Amid court challenges, the White House asserts confidence in President Donald Trump's tariff strategy, emphasizing the administration's focus on maintaining fair trade practices.

"This ruling protects American businesses from the destabilizing effects of volatile, unilaterally imposed tariffs."

Most of President Trump’s tariffs were halted late Wednesday by a US trade court in a sharp rebuke of the president’s signature trade war policy.