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President Donald Trump's tariffs against China have gone into effect. China has retaliated with tariffs against U.S. oil. Tariffs against Mexico and Canada have paused as negotiations continue.

U.S. President Donald Trump will speak with Chinese President Xi Jinping as soon as this week, Trump's spokesperson said, setting up a major diplomatic exchange as the world's two largest economies seek a deal that could avert a broader trade war.

President Donald Trump said Tuesday that he wants the U.S. to take ownership of the Gaza Strip and redevelop it after Palestinians are resettled elsewhere. Earlier Tuesday, Trump’s Middle East envoy said that a three to five-year timeline for the reconstruction of Gaza is not a viable post-war plan for the battle-torn territory.