Morning Briefing Americas

China Hits Back at US as Trade Tensions Rise

Workers at the Hanwha Philly Shipyard in Philadelphia, Pennsylvania, US, on Wednesday, July 16, 2025. A deal with the White House to help Trump revive US shipbuilding offers a risky route to expansion for South Korean yards.Photographer: Hannah Beier/Bloomberg

Good morning. China hits back at Donald Trump over tariffs. Your renovation is about to get more pricey as lumber tariffs kick in. And the average sticker price of a new car rose above $50,000 for the first time. Listen to the day’s top stories.