Who pays for these tariffs? Most economists reckon that ordinary Americans will lose out, as prices in shops rise. Mr Trump and his coterie, by contrast, blithely insist that the rest of the world will shoulder the load by cutting their selling prices. So far, the evidence is giving the know-nothings a glimmer of hope.

President Donald Trump announced a trade agreement on Sunday with the European Union that would lower tariffs to 15%, ending what had been months of uncertainty surrounding trade with the United States’ largest trade partner.

President Trump said on Sunday that the U.S. reached a trade agreement with the European Union that would impose a 15% tariff rate on its goods. Why it matters: Europe is the latest major trading partner to accept significantly higher tariffs to stave off worsening trade fights with Trump.

Fresh cross-border clashes between Thailand and Cambodia broke out on Sunday hours after US President Donald Trump announced the two Southeast Asian nations had agreed to ceasefire talks.

US President Donald Trump doesn’t like Federal Reserve chair Jay Powell. What he plans to do about it is an open question.

President Donald Trump visited the Federal Reserve on Thursday, repeating calls for lower interest rates while standing alongside Fed Chair Jerome Powell.