"When you think about it, in the normal course, getting quietly to do a 10% tariff on everything from everywhere was a huge achievement," Secretary Wilbur Ross tells Fortune.

The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budget issues.

US stocks open down after Trump raised tariff tensions by promising unilateral tariff rates within two weeks. Boeing shares fall after a deadly crash.

US customs duties climbed to a record in May, helping shrink the budget deficit for the month, while doubts remain about the persistence of the inflows as the Trump administration negotiates with trading partners and faces a judicial challenge over its levies.

FRANKFURT (Reuters) -Euro zone industry and trade took major hits in April, likely reflecting U.S. tariffs announcements, challenging the view of economists that the bloc is holding up well in the face of economic turmoil.

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.

Wholesale data showed milder inflationary pressures while Trump renewed his threat to impose "take it or leave it" tariffs on trading partners.

Canadian Prime Minister Mark Carney says a bilateral meeting with President Trump on the sidelines of the upcoming [Group of Seven leaders' summit](

As the trade landscape shifts, how should leaders respond? Several coping strategies have emerged, each with distinct advantages and risks.

About 97% of iPhones exported by Foxconn Technology (OTCPK:FXCOF) from India went to the U.S. between March and May, Reuters reported citing customs data. The numbers are far above the 2024 average of 50% and an indication of Apple's efforts to bypass high U.