U.S. President Donald Trump will speak with Chinese President Xi Jinping as soon as this week, Trump's spokesperson said, setting up a major diplomatic exchange as the world's two largest economies seek a deal that could avert a broader trade war.

We may have, short-term, a little pain. And people understand that,” President Donald Trump said. That’s how President Trump addressed the inflation fallout that could come as a result of his administration’s new tariffs against Canada,

U.S. stocks are volatile after President Trump imposed tariffs on Canada, Mexico and China over the weekend. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.