President Donald Trump’s 10% across-the-board tariffs are in jeopardy after a federal court ruled them illegal on Thursday, dealing a second major blow this year to the president’s signature economic policy.

Trump also issues new deadline for EU to implement trade deal terms before raising tariffs to ‘much higher levels’

The U.S. Court of International Trade dealt a blow to the 10 percent global import tax that President Donald Trump imposed after losing on tariffs at the Supreme Court.

By Daphne Psaledakis and David Lawder WASHINGTON, May 7 (Reuters) - U.S. President Donald Trump said on Thursday he would give the European Union until July 4 to implement trade deal commitments before he raises tariffs on EU goods including cars to "much higher levels.

Donald Trump's tariff refunds are rolling out to businesses, but economists say shoppers shouldn't expect lower prices soon as companies hold onto the savings.

The tariffs that roiled the economy in 2025 are getting a sequel: the government is holding hearings intended to impose import taxes to replace the ones the Supreme Court struck down in February.

By Lisandra Paraguassu, Humeyra Pamuk and David Lawder WASHINGTON, May 7 (Reuters) - Brazilian President Luiz Inacio Lula da Silva held talks at the White House on Thursday with U.S. President Donald Trump that were expected to focus on trade,

The European Commission is dismissing Trump’s tariff threats, pointing to a previous trade agreement still in effect.