Balancing economic interests and security concerns, European officials said they got the best deal possible with President Donald Trump, but critics said Brussels ceded to pressure.

The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.

In the wake of those “Liberation Day” tariffs, financial markets took fright. On April 9 the Trump administration hit pause: the “reciprocal” tariffs were deferred until July 9 and replaced by an across-the-board 10% tariff increase, with a handful of exceptions.

Top trade officials from China and the United States have launched a new round of talks aimed at easing tensions over tariffs.

President Trump is seeking to raise federal revenue by imposing levies on goods from foreign nations. Here’s how the process works.

Trump’s statement comes a day after he announced a trade deal with the EU, which would see a 15 per cent tariff imposed on most European goods being exported to the U.S.

As Trump eyes an Aug. 1 deadline for countries to come to trade deals or face the tariffs that he originally announced in April, he has touted the agreements he has made in recent days — while maintaining that it would be difficult to meet with all world leaders.

The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

President Donald Trump said Monday he may shorten the time Russian President Vladimir Putin has to end his war on Ukraine before imposing heavy tariffs on Russia.

US President Donald Trump and European Commission chief Ursula von der Leyen met in Turnberry, Scotland, on Sunday to discuss trade with Trump saying a trade deal between the two was "was 50-50"