A federal appeals court will soon hear oral arguments in a high-profile lawsuit challenging Trump's authority to impose sweeping "reciprocal" tariffs. The case is the furthest along of more than half a dozen federal cases targeting Trump's imposition of tariffs using an emergency-powers law known as IEEPA.

The investment bank thinks a 9–0 ruling against Trump is likely. That doesn’t mean the tariffs will just go away.

President Donald Trump helped urge a ceasefire in the border dispute between Thailand and Cambodia by threatening to halt trade talks.

The agreements have been overshadowed by U.S. firms' warnings that the tariffs will affect their bottom lines and prolong uncertainty in the economy.

Pakistani Foreign Minister Ishaq Dar said his country was "very close" to a trade deal with the U.S., but officials in Washington did not mention any timeline.

A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.

U.S. President Donald Trump on Friday said there was a 50-50 chance or perhaps less that the United States would reach a trade agreement with the European Union, saying Brussels wanted to "make a deal very badly".

With the Trump administration setting 15% as a floor for tariffs, companies and economists are warning of higher prices later this year.

Among the strongest performers, Thermo Fisher Scientific rose 12%, topping the leaderboard for large-cap stocks, followed by T-Mobile US, up 9%.

Canada's main stock index struggled for direction on Friday, after President Donald Trump said the United States may not reach a negotiated trade deal with Canada. At 9:32 a.m. ET (1332 GMT), Canada's benchmark S&P/TSX composite index was nearly flat at 27,