President Trump threatens to raise tariffs, claiming the European Union won't buy U.S. cars or food — but 2024 trade data shows otherwise.

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

President Trump is threatening Mexico and the European Union, two of the largest U.S. trading partners, with 30% tariffs starting in August if they don't reach a trade deal with the U.S. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means for U.

Donald Trump’s second term has so far been much more radical than his first. But even among the broad range of extreme measures taken by the administration in areas from higher education to immigration,

President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.

President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.

U.S. President Donald Trump announced Tuesday that the United States struck a new trade agreement with Indonesia, imposing a 19 percent tariff on the Southeast Asian country's goods.

The EU has reverted to offering the US tit-for-tat tariff reductions on cars, with negotiators abandoning the idea of a complex “netting mechanism” first proposed by German carmakers. Under the latest proposal from EU negotiators,