Donald Trump ramps up trade war with threats of 30% tariffs on EU and Mexico - Three EU officials told Reuters they believed the tariffs were a negotiation ploy by Trump

Germany's Economy Minister Katherina Reiche warns that President Trump's proposed 30% tariffs on EU imports could harm European exporters and US consumers. She advocates for a swift and pragmatic resolution to the trade conflict to prevent further economic damage amid rising tensions.

President Trump imposes 30% tariffs on imports from Mexico and the EU, reigniting trade tensions amid economic and political concerns.

Eagle Creek’s experience underscores how President Trump’s chaotic approach to tariffs is having a real impact, even before the toughest levies take effect.

The president rolled out a new deadline, new rates and letters.

Trade experts warn of significant economic fallout if both sides escalate. President Trump framed the move as part of his “America First” second-term agenda, aimed at reshaping global trade dynamics. But critics warn it could isolate the U.S. and trigger price hikes at home, especially on autos, food and medicine.

As Trump’s latest trade war and tariff policies roll out, low-cost Asian retailers Temu and Shein can find ways to succeed amid targeting, retail experts say.

On July 2. Trump announced a deal with Vietnam. The Vietnamese agreed to let U.S. products into the country duty free while accepting a 20% tax on their exports to the United States, Trump said, though details of the agreement have not been released.

Futures contracts hit a record price after the president announced plans for a 50 percent tariff on the metal, driving up costs for businesses.

U.S. Treasury yields held steady on Thursday as President Donald Trump’s trade war intensified, with fresh tariffs on Brazil and on copper imports.