P resident Donald Trump said the U.S. was “getting very close” to a deal with China, while also threatening to impose higher tariffs on the European Union as he gave several trade updates early Tuesday. Trump said the U.S. was “getting along very well” with Beijing and that a deal was close, in an interview with CNBC.

U.S. President Donald Trump has threatened India with increased tariffs over its purchase of Russian oil amid Moscow's war in Ukraine.

President Donald Trump said he will “substantially” raise tariffs on India because it’s still buying Russian oil.

Previously, Mr Trump has complained about bilateral trade worth $190bn. India had hoped this would be a happy sign of ever closer ties. In Mr Trump’s view, though, it is bad news: at almost $46bn, America runs a “ MASSIVE TRADE DEFICIT WITH INDIA!

Trump's trade feud with India risks pushing the key U.S. partner closer to Russia and China, straining economic and defense ties.

President Donald Trump’s extensive tariffs have already started to generate a significant amount of money for the federal government, a new source of revenue for a heavily indebted nation that American policymakers may start to rely on.