It’s hard to know if Trump's comments on Xi Jinping suggest the world’s two biggest economies are getting any closer to a deal on tariffs.

Trump administration tariffs on all imported aluminum and steel are now in effect as the United States launched a 50% duty directly on those materials Wednesday.

U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% today, a move that would hammer businesses from automakers to home builders,