The EU is likely to further delay ratifying its trade deal with the US after President Donald Trump imposed global tariffs of 15 per cent over the weekend, unleashing what one lawmaker called “pure tariff chaos”, writes Andy Bounds.

The Supreme Court decision striking down President Donald Trump’s sweeping tariffs has added a wrinkle to already complicated U.S.-China relations.

The U.S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs on imports from most countries.

U.S. Trade Rep. Jamieson Greer explained President Trump's comment that the Supreme Court ruling against his emergency tariffs made his power to tariff "more powerful" during an interview with ABC's "This Week.

President Trump on Wednesday touted the decline in U.S. trade deficit ahead of official data showing a small reduction in the country’s overall balance of trade. In a Wednesday night post on Truth Social,

The U.S. trade deficit edged down in 2025, narrowing to $901.5 billion from $903.5 billion in 2024 in a year marked by tariffs.

Indonesia and the United States finalised a trade deal on Thursday that cut U.S. levies to 19% from 32% on goods shipped from Southeast Asia's biggest economy, following nearly a year of negotiations.

The U.S. has breached the terms of its trade deal with the European Union "several times," top EU trade lawmaker Bernd Lange told CNBC.