Duties on imports from dozens of countries would jump if the 90-day pause imposed in April expires July 9 as scheduled.

US President Donald Trump has threatened to impose a "30% or 35%" tariff on Japan if a deal between the two countries is not reached before a deadline next week. That would be well above the 24% tariff Japan was hit with as part of Trump's so-called "Liberation Day" on 2 April,

Donald Trump has threatened to increase levies on Japan and cast doubt that the US will reach a deal with its Asian ally, as he escalated his trade rhetoric days before his pause on some steep tariffs is set to expire.

Federal Reserve Chair Jerome Powell said Tuesday that the central bank would likely have already cut interest rates this year if not for the economic shock generated by President Trump’s tariffs. When asked Tuesday if Trump’s tariffs held up the Fed’s plan to cut interest rates,

Ever since U.S. President Donald Trump has taken office, one of the many things that constantly dominated headlines was his tariff policy. Although Trump had imposed tariffs during his first term, his latest actions roiled markets,