Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge

Donald Trump signaled a potential shift in his trade strategy, hinting at reduced tariffs on Chinese goods but not to zero, while acknowledging tensions remain. The U.S.-China trade war has caused market volatility and growth worries globally, with Tesla's Elon Musk stepping back from his "Doge" role amid profit declines due to backlash over his White House role.