Treasury Secretary Scott Bessent, in an appearance on Fox News on Thursday night, said that trade negotiations between the United States and China are “a bit stalled” and that President Donald Trump and Chinese President Xi Jinping may need to speak to each other to move forward.

A second federal judge blocked Trump's broad tariffs; the White House is appealing the decision. Follow Newsweek's live blog.

Elon Musk exited the White House this week with little to show for his cost-cutting push and a list of frustrations from his time in the Trump administration. The tech billionaire announced his departure Wednesday shortly after voicing concerns about the sweeping tax and spending bill backed by Trump and congressional Republicans,