The president is set to raise taxes on imports arriving from many countries, including Canada and Mexico. That’s on top of the tariffs that the White House has already announced on specific products,

Trump has justified his most far-reaching assertions of tariff power by citing the 1977 International Emergency Economic Powers Act, which allows tariffs on all imports during an "unusual and extraordinary threat ... to the national security, foreign policy or economy of the United States."

For the first time India has overtaken China as the No. 1 exporter of smartphones to the United States, following Apple’s tariff-driven manufacturing pivot to New Delhi.

Under the deal, the United States will reduce 125% reciprocal tariffs imposed on Chinese imports for 90 days by 115% – to a 10% baseline tariff, which matches the tariffs the Trump ...

President Donald Trump has struck a series of trade agreements in recent weeks as the White House threatens tariffs on dozens of countries set to take effect Aug. 1. In nearly every case, the trade accords set levies lower than a so-called "reciprocal tariffs" that would have otherwise taken effect on Friday.

"I think it's the biggest deal ever made," Trump said of the new agreement, which will reduce the bloc's tariff rate to 15 percent.