Trump’s new tariffs aim to cut trade deficits and advance foreign policy goals, reshaping global trade, says Wilbur Ross.

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.

US President Donald Trump on Wednesday said he's open to extending the July 8 deadline for trade talks before higher tariffs kick in, but added that an extension probably won't be "a necessity."Speaking to reporters ahead of a performance at the Kennedy Center Trump said,

President Donald Trump is hiking tariffs on aluminum and steel as his administration presses countries to speed up trade talks, amid legal battles.

Executives at retail companies expect a large number of tariffs to be rolled back after the 90-day pause lapses in July, according to a survey by AlixPartners reported by CNBC. The report said that executives are likely feeling more optimistic after the recent court challenges and trade negotiations between the U.

The United States and China have reached an agreement regarding critical trade disputes, says President Trump. These disputes include rare earth metals and high-end chips. The agreement involved China easing up on rare earth exports,

The World Bank has released numbers that show a lack of confidence in global market growth as a result of a variety of factors, including tariffs introduced by U.S. President Donald Trump. On Tuesday,

President Donald Trump has warned that he may soon increase tariffs on imported automobiles to encourage more US production. The move announced today would mark a sharp contrast to the recently negotiated trade agreement with the UK that helped slash car import tariffs for the British car industry.

Automakers are facing increasing cost pressures stemming from tariffs. In recent weeks, Ford Motor and Subaru of America have hiked prices on some models due to higher costs from Trump's tariffs. In May, Ford estimated tariffs would cost it about $1.5 billion in adjusted earnings.