A federal appeals court will soon hear oral arguments in a major case challenging Trump's "reciprocal" tariffs.

A new 15% tariff goes into effect on imports to the U.S. from the European Union starting Friday. Last year, those same goods were taxed at about 1.2%. Former Rep. Max Rose, Staff Writer at The Atlantic Ashley Parker and Mark McKinnon,

GOP Sen. Josh Hawley pledged to author legislation after President Donald Trump expressed interest in sending out rebate checks.

Top U.S. and Chinese economic officials resumed talks in Stockholm on Monday to resolve longstanding economic disputes at the centre of a trade war between the world's top two economies, aiming to extend a truce by three months.

German auto companies embraced greater clarity but warned that even the lower rate of tariffs agreed between Brussels and Washington would still hurt.

Tariffs on Chinese goods could result in a decline in exports from the Asian manufacturing giant to the U.S. in the years ahead reaching near $500 billion.

The 15% rate is higher than the current 10% tariff rate on European luxury goods. It’s possible investors wanted better terms for the sector.

President Trump and European Commission President Ursula von der Leyen announced Sunday that the US and EU had agreed to the framework of a trade deal that included a baseline tariff rate of 15% on EU goods imported into the US.