U.S. Inflation Jumps 3.8%, the Fastest Rate in 3 Years

Consumer prices rose at the fastest rate since May 2023 last month, as sharp increases in energy costs caused by the Iran war made life more expensive for Americans.

Steel Tariffs Are Harming Tin Can Makers and Lifting Food Prices

The cost to put food in cans remains high because manufacturers must still import steel from overseas. U.S. Steel plans to reopen a tin-plate factory.

Xi Is Poised to Press Trump on Arms Sales to Taiwan

Beijing has called Taiwan the “core of China’s core interests.” Xi Jinping is likely to focus on getting President Trump to slow approval of weapons for the island.

China Seeks A.I. Independence, Weakening Trump’s Leverage

Before this week’s U.S.-China summit, Beijing reached a milestone in its quest for technological self-sufficiency.

Truce Hangs in the Balance After Trump Rejects Iran’s Offer

President Trump called an Iranian proposal to end the war and reopen the Strait of Hormuz “garbage.” An Iranian official raised the prospect of escalating nuclear enrichment.