Canada’s Mark Carney calls the 50-percent tariff increase ‘illegal’, while Mexico’s Sheinbaum weighs countermeasures.

President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders,

The ruling, handed down late on Monday by U.S. District Judge Jacqueline Corley in San Francisco, did not delve into the merits of California's lawsuit. Now, three separate U.S. a

A federal judge has dismissed California's lawsuit challenging President Donald Trump's tariffs, paving the way for the case to be transferred to the Court of International Trade.

Despite promised blowback from Europe, Donald Trump formally raised steel and aluminum tariffs to 50% from 25% on Tuesday. The move by the president raises trade tensions at a time when the US is locked in negotiations with numerous trading partners over his so-called “reciprocal” duties before a July 9 deadline.

President Donald Trump’s turbulent tariffs are projected to cause a sharper slowdown in economic growth in the U.S. than expected.

President Donald Trump has said that if the U.S. is not allowed to implement tariffs, it "doesn't have, even a small chance, of economic survival."

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,

US states and small businesses that won a ruling that most of President Donald Trump’s global tariffs are illegal want them blocked during the administration’s appeal, saying they’re suffering immediate harm from economic uncertainty around the levies.

The Trump administration is pressuring trade partners to make a deal as tariff threats loom. The U.S. trade representative's office recently sent letters to foreign countries telling them to make their best trade offers by Wednesday.