Jim Zarroli

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As the world's largest economy, the United States can use its considerable economic muscle to force other countries into making concessions in trade disputes.

But as President Trump is finding out, even the biggest guy on the block can face resistance by pushing too hard.

As talks with Beijing over China's trade practices dragged on last month, Treasury Secretary Steve Mnuchin appeared on Fox News with word of some progress.

"We're putting the trade war on hold. So right now we have agreed to put the tariffs on hold," Mnuchin said on May 20.

The widening political crisis in Italy sent stock prices falling around the world Tuesday, with the Dow Jones industrial average losing 1.8 percent of its value.

European bank stocks were among the hardest hit, with Italy's Unicredit and Spain's Santander down by more than 5 percent, but U.S. banks were also hit.

As stocks plunged, investors poured money into safe havens. U.S. Treasury yields saw their biggest one-day drop in two years and the dollar gained ground against the euro.

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Trade negotiators for the United States, Canada and Mexico are running out of time to complete an overhaul of the North American Free Trade Agreement, making it likely the effort won't be completed this year.

The failure to complete the deal would be a political setback for President Trump, who has repeatedly vowed to scrap NAFTA and replace it with something better.

House Speaker Paul Ryan has said that under timetables imposed by a 2015 law, the three countries need to complete a deal by Thursday if Congress is to pass a new treaty before the November midterm elections.

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President Trump's lawyer, Michael Cohen, was in the spotlight this past week after AT&T confirmed it paid him more than half a million dollars for advice about the administration.

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Updated at 12:29 p.m. ET Thursday

A judge in New York has ruled that residents of Trump Place, a condominium building on Manhattan's West Side, have the right to remove President Trump's name from the building if enough of them approve of it.

The ruling by New York Supreme Court Judge Eileen Bransten marks a defeat for the Trump Organization, which had argued that removing the name would violate the building's licensing agreement.

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In the struggling canned goods industry, Pacific Coast Producers is a survivor, taking some 700,000 tons of fruit grown by California farmers each year and canning it for sale in supermarkets and large institutions such as hospitals.

This year the company, based in Lodi, Calif., is facing another challenge that promises to make turning a profit that much harder: President Trump's tariffs on steel imports.

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Tech stocks were a growth engine for the market when the economy was tepid, but recently they've been sputtering and their troubles are helping drag the entire market lower.

Some of the biggest names in technology have been swooning.

Like a lot of Americans, President Trump sees the U.S. trade deficit as an urgent problem — a symbol of U.S. economic decline.

"Any way you look at it, it is the largest deficit of any country in the history of our world. It's out of control," Trump said earlier this month when he announced proposed tariffs on Chinese imports.

Most economists, of various political leanings, are a lot less worried about the trade gap, which totaled $568 billion last year.

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