President Donald Trump on Saturday announced 30 percent tariffs on all European goods entering the U.S., prompting pushback from European allies.

President Trump announcing new tariffs of 30% on Mexico and the European Union to start on August 1. European trade ministers are meeting today after pausing their retaliatory tariffs that were supposed to start today.

Trump has rolled back many of his steepest tariffs over recent months, including a sky-high levy on China, the top source of U.S. imports. In recent days, however, Trump announced plans to slap tariffs as high as 50% on dozens of countries, including 25% tariffs on top U.S. trade partners such as Japan and South Korea.

Copper prices have risen sharply following President Trump’s recent tariff announcement, with financial advisors

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

Major indexes tumbled on Monday, with the Dow falling over 400 points as investors digested Trump's latest trade updates.

The government of the tiny African kingdom of Lesotho has declared a two-year state of disaster, as its once-thriving garment industry unravels in the wake of Trump's tariffs threats.

Last weekend, Trump announced he is planning to hit the EU with a blanket tariff rate of 30% from Aug. 1, after last-minute negotiations failed to produce a framework deal. Huge uncertainty now hangs over whether an agreement can be struck in the next two weeks, and what details or compromises it might contain.

Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news

The US President announced a list of updates concerning US trade tariffs on Tuesday, including a deal with Indonesia and his plans to gradually increase tariffs on pharmaceutical imports. View on euro