Downing Street has admitted the UK is now likely to face Donald Trump’s tariffs this week as the US president’s threats of a global trade war sparked fears of a global recession.Markets tumbled across the UK,

As a last resort the EU can deploy its trade “bazooka” — the Anti-Coercion Instrument. As the name suggests, it would enable a broad-spectrum response , including targeting services, if Brussels concludes that U.S. actions are excessive.

Amid suspense over US President Donald Trump's "Liberation Day tariff" plans, White House spokesperson Karoline Leavitt confirmed on Monday that there won't be any exemptions on reciprocal tariffs.

Ever since he returned to office for a second term in January this year, Donald Trump has constantly proved to be aggressive with tariff threats.

About 38% of U.S. imports from Canada fall under the USMCA ‒ a free trade deal Trump signed in 2019 ‒ meaning about 62% of goods from Canada will still be subject to tariffs, the Trump White House said. About 50% of imports from Mexico fall under the agreement, so about half of Mexican imports will be subject to the tariffs.

U.S. President Donald Trump's administration released an encyclopedic list of foreign countries' policies and regulations it regards as trade barriers on Monday, two days before he proposed hitting global trading partners with reciprocal tariffs.

President Donald Trump suggested further tariffs would be imposed on the European Union and Canada if they worked together “to do economic harm” to the US.

Meta executives have pressed U.S. trade officials to push back against a European Union law that could undermine its ad business.

President Donald Trump threatened even larger tariffs on the European Union and Canada if they worked together to do "economic harm to the USA."

U.S. President Donald Trump said on Thursday that larger tariffs could be placed on the European Union and Canada if they both work together "to do economic harm to the USA."

NEW YORK (AP) — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies continue to escalate uncertainty.