The bloom is very much off the rose when it comes to the business community’s embrace of President Donald Trump’s second term. With his imposition of steep tariffs on virtually every country around the globe threatening to tip the United States into a recession,

President Donald Trump said on Tuesday that China want to negotiate a trade deal to end competing tariffs and the two leaders of the economic rivals will meet the right time. Trump also said that negotiations over the United State-Mexico-Canada Agreement may be renegotiated.

President Donald Trump suggested that his administration could strike trade deals with some countries as soon as this week, offering the prospect of relief for trading partners seeking to avoid higher US import duties.

A prolonged trade war means that for many American families, an extensive Barbie or Polly Pocket collection could soon be a luxury.

Mattel, the U.S. toy company, said it would increase prices of some U.S. toys, citing levies on Chinese imports.