Trump softens tone on tariffs ...Middle East

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Welcome to The Hill’s Business & Economy newsletter, I'm Aris Folley — covering the intersection of Wall Street and Pennsylvania Avenue.

Essential Reads 

President Trump sought to tamp down a trade war with China on Wednesday, acknowledging that the 145 percent duty he slapped on Beijing is “very high” while appearing to be optimistic that he can strike a deal with President Xi Jinping to calm nerves in the U.S. markets.

Student loan borrowers at risk of garnished wages: What to know

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Welcome to Tax Watch, a new feature in The Hill's Business & Economy newsletter focused on the fight over tax reform and the push to extend the 2017 Trump tax cuts this year.

The Ticker 

The University of Michigan's next Surveys of Consumers report is set for release on Friday at 10 am E.T.

 

Jury decides Norfolk Southern should pay for the $600 million settlement in 2023 Ohio derailment

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What Others are Reading 

Editor’s note: This story was updated to reflect that Casey DeSantis launched Hope Florida, a community-based initiative that is distinct from the Hope Florida Foundation, which helps promote the initiative. Read more

What People Think 

Crypto’s $10 trillion runaway train potentially threatens the financial system Looking for logic in Trump’s tariffs is a fool’s errand    

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