P resident Donald Trump said the U.S. was “getting very close” to a deal with China, while also threatening to impose higher tariffs on the European Union as he gave several trade updates early Tuesday. Trump said the U.S. was “getting along very well” with Beijing and that a deal was close, in an interview with CNBC.

The U.S. hit Switzerland with a 39% tariff rate last week after Trump’s August 1 deadline to strike a trade deal expired.

Russia accused the United States on Tuesday of exerting illegal trade pressure on India after U.S. President Donald Trump threatened again to raise tariffs on India over its purchases of Russian oil.

The trade war with India escalates. Jaiswal argued that India only began importing oil from Russia after “traditional supplies were diverted to Europe after the outbreak of the

President Donald Trump fired the latest shot across the bow of the pharmaceutical industry on Tuesday, saying he could hit drug imports with tariffs as high as 250%. Speaking to CNBC, Trump said he would at first impose a “small tariff” on imported drugs but that longer term,

US President Donald Trump’s first wave of copper tariffs will hit imports valued at more than $15 billion last year, highlighting the potential inflationary impact on American manufacturers.

Trump’s trade deals aren’t just about tariffs. As dozens of countries race to reach trade deals with the U.S. ahead of a Thursday deadline, President Trump has embraced a stra