After slashing billions in foreign aid, including shutting down the U.S. Agency for International Development, the Trump administration says it is forging a new approach: "commercial diplomacy." Trade,

China has shown itself to be more resilient against tariffs than many expected. But stockpiling, supplier renegotiations, and the tariff truce with the US may have only delayed the pain. Domestic demand remains the Achilles’ heel,

The effects of international tariffs are being felt at the Port of Oakland, which saw a 10.1% drop in overall shipping volume in June

"Other trading partners observing these threats will have the same mistrust of the negotiation process," experts argue.

President Trump's tariffs are almost "tailor-made" to hit the goods that lower income households prefer to purchase, says economist Ernie Tedeschi of Yale's nonpartisan Budget Lab.

A gauge of stocks of U.S. carmakers and suppliers has soared more than 40% from its tariff-fueled April depths, handily beating the S&P 500 Index’s 26% gain. Meanwhile, the MSCI World Auto and Components Index has climbed 30% in that period, outpacing the MSCI World Index’s 25% advance.

While cautioning against protectionism, Rajan said targeted tariff reductions could enhance competitiveness in sectors like auto manufacturing. “We produce certain kinds of cars very well,” he said, suggesting lower import barriers might even sharpen domestic performance.

Official figures showed modest growth in the second quarter as exports shifted to other countries and Beijing invested in manufacturing and infrastructure.

WASHINGTON — President Donald Trump said in a letter that he will raise taxes on many imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance.

U.S. President Donald Trump said Wednesday that his administration might "live by the letter" on the proposed 25 percent "reciprocal" tariffs on Japan, hinting at difficulties in reaching a trade deal with the Asian country.