Shortly after President Donald Trump returned to the White House in January, he launched a tariff war against China, as part of a broader implementation of import taxes on goods from several dozen countries as Trump seeks to reset the foundations of global trade.

The twists and turns in U.S. President Donald Trump's tariff policies have not only rattled global financial markets but have also taken investors on a roller-coaster ride. Companies are counting the cost of the trade war that is now being estimated at more than $34 billion in lost sales and higher expenses,

President Donald Trump is hailing a favorable decision by a federal appeals court over his sweeping tariff policy as a “great” win for the United States.

A federal appeals court ruled Trump can continue to collect tariffs while businesses and states try to overturn taxes on foreign imports.

Exports to the US – the country the UK trades with the most with – saw its largest monthly decrease in April since records began, official data has shown. The onset of President Trump’s trade war with some of his closest allies and foes put governments on standby as major forecasters warned the world economy

U.S. Treasury Secretary Scott Bessent said on Wednesday that the Trump administration may offer extensions from a July trade deal deadline for countries negotiating in good faith, telling lawmakers that the administration would "roll the date forward" in certain cases.

Treasury Secretary Scott Bessent signaled the Trump administration’s openness on Wednesday to extending President Donald Trump’s current 90-day tariff pause beyond July 9 for the United States’ top trading partners,