U.S. President Donald Trump on Thursday signaled a potential end to the tit-for-tat tariff hikes between the U.S. and China that shocked markets, and that a deal over the fate of social media platform TikTok may have to wait.

President Trump said he is optimistic that the U.S. can reach a deal on tariffs with China. He also appeared to signal he might lower the current 145% tariffs. Photo: Chris Kleponis/Pool via CNP/Zuma

It took Italy’s Prime Minister Giorgia Meloni exactly two sentences in the Oval Office on Thursday to signal to her host she was a kindred spirit.

U.S. President Donald Trump has agreed to an official visit to Rome and will consider also meeting representatives of the European Union while there, Italy's Prime Minister Giorgia Meloni said on Thursday in the Oval Office.

Trump has lauded Italy's right-wing Prime Minister Giorgia Meloni as a "fantastic leader." Their affinity has put pressure on the EU flag-bearer as she heads to the White House.

Jerome Powell said the Federal Reserve could be in a "challenging scenario" with Trump's tariffs. Trump teased to fire him on Truth Social.

Federal Reserve Chairman Jerome Powell is infuriating President Donald Trump by not moving to further cut interest rates, in contrast to aggressive easing by the European Central Bank.

President Donald Trump said on Thursday he believes Federal Reserve chairman Jerome Powell will leave his job if Trump asks him to do so.

President Donald Trump said on Thursday that Harvard University is abusing its tax-exempt status as he escalated his fight with the institution. "I think Harvard is a disgrace," Trump told reporters.

President Donald Trump called Harvard a "joke" Wednesday and said it should lose its government research contracts after the top US university refused to accept demands to come under outside