A Taiwan trade delegation will continue talks with the United States on tariffs in Washington, four people familiar with the matter told Reuters on Wednesday.

The nation’s trade deficit in goods sank 11% in June to a 22-month low as U.S. companies grappled with on-again, off-again Trump tariffs, a pattern that’s likely to play out at over least a few more months.

The Trump administration touts tariffs as part of a wider set of "America First economic policies," which have "sparked trillions of dollars in new investment in U.S. manufacturing, technology, and infrastructure," according to the White House's website.

After a “constructive” round of talks ahead of an Aug. 12 deadline, Treasury Secretary Scott Bessent said, “Nothing is agreed until we speak with President Trump.”

The White House wants to cut trade deficits and attract foreign investment — but the dollars foreign investors use come from U.S. imports. That means doing both at once may be mathematically impossible. Trade math doesn't lie.

India's equity benchmarks were flat in early trade on Wednesday as gains in Larsen & Toubro following upbeat earnings were offset by investor caution ahead of the U.S. Federal Reserve's policy decision and a looming U.

Fairbanks isn’t quite the same pitcher he was in 2023, when he struck out 68 in 45 innings. His strikeout rate has dropped, but he still keeps the ball on the ground and limits barrels as well as anyone. The Rays hold a team option for 2026, so they won’t feel pressured to deal him unless the return is strong.

The economy was supposed to crumble. The trade war was expected to escalate out of control. Markets were forecast to plunge. None of that has happened. But Trump’s early trade victory may be short-lived.