A Fox Business correspondent turned heads with a scoop about a possible tariff deal between the U.S. and India.

U.S. stocks extended gains on Wednesday after a Wall Street Journal report said the White House was considering slashing China tariffs to de-escalate the trade war between the two countries. A senior White House official said China tariffs were likely to come down to between roughly 50% to 65%,

Treasury Secretary Scott Bessent said President Trump will not reduce tariffs on China without an agreement by both governments to de-escalate their trade conflict.