Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar.

A three-judge panel of the U.S. Court of International Trade holds the first hearing on the challenges Tuesday morning in New York. Five small businesses are asking the court to block the sweeping import taxes that Trump announced April 2 – “Liberation Day,’’ he called it.

Both nations pledged to cut their broad, ballooning tariffs after weekend talks. US tariffs dropped to 30% from 145%, while China’s moved to 10% from 125%, per a joint statement

Prime Minister Mark Carney's cabinet reshuffle includes changes to the core team overseeing the currently fraught US-Canada relationship.

Tamer-than-expected inflation and a significant de-escalation of a U.S.-China trade war are easing fears of a sharp squeeze on American households and businesses in coming months, prompting Wall Street firms to pare predictions of a recession and giving the Federal Reserve room to leave interest rates where they are.

The deal, outlined in a Brazilian government document viewed by Reuters, underscores Brazil's push to strengthen agricultural ties with China as President Luiz Inácio Lula da Silva visits the country, and as rising domestic DDG production fuels the search for alternative markets.

The White House backed off from the steepest levies, as the costs of an all-out trade war with China threatened global economic growth.

As in negotiations with foreign nations, minor concessions by drug companies are more likely than a true overhaul.

Nvidia was set to rejoin the $3 trillion club Tuesday for the first time since February. The stock gained 5.4% Monday, putting its market capitalization nose hairs behind $3 trillion — the AI chipmaker's value was $2.