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Trump Says US Has Reached Trade Deal With China
President Trump has announced that the United States has reached a trade deal with China following two days of intense negotiations in London.
"Our deal with China is done, subject to final approval with President Xi and me," Trump posted in all caps on Truth Social Wednesday morning, June 11. "Full magnets, and any necessary rare earths, will be supplied, up front, by China.
"Likewise, we will provide to China what was agreed to, including Chinese students using our colleges and universities (which has always been good with me!)
"We are getting a total of 55% tariffs, China is getti…
Chipotle Launches First New Dip In Five Years: See The Spicy, Smoky Flavor
Chipotle is cranking up the flavor for the summer with its first new dip in five years.
The restaurant chain will soon start offering Adobo Ranch, the company announced on Monday, June 9. The smoky and spicy dip will be available across North America on Tuesday, June 17.
Adobo Ranch marks Chipotle's first new dip since the launch of Queso Blanco in 2020. Made fresh in-house with adobo pepper, sour cream, and a signature blend of herbs and spices, the dip aims to bring an extra kick to burritos, bowls, salads, tacos, and quesadillas.
Rewards members can get a free side of Adobo Ranch o…
Major Household Product Maker Cutting 7,000 Jobs As Trump Tariffs Roil Economy
Procter & Gamble, which operates eight plants across the Northeast, plans to cut up to 7,000 jobs over the next two years as President Donald Trump's trade policies shake businesses and consumer confidence, according to reports.
Andre Schulten, P&G's chief financial officer, announced the layoffs during the Deutsche Bank Consumer Conference in Paris on Thursday, June 5. The cuts amount to about 6% of the company's global workforce and roughly 15% of its non-manufacturing positions, the Associated Press reported.
P&G had about 108,000 employees worldwide as of June…
Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum'
Private hiring sharply declined to its slowest pace in more than two years as President Donald Trump's sweeping tariffs have shaken the economy throughout 2025.
Businesses added just 37,000 jobs in May, according to the ADP National Employment Report released on Wednesday, June 4. That was the lowest level since March 2023, falling below April's downwardly revised figure of 60,000.
The disappointing job total missed the Dow Jones forecast of 110,000, CNBC reported.
"After a strong start to the year, hiring is losing momentum," ADP chief economist Dr. Nela Richardson said. "Pay growth, howe…
