The United States doubled tariffs on steel and aluminium imports on Wednesday, activating a hike in the duties on the imported metals to 50% from the 25% rate introduced in March. The day also marks the Trump administration’s deadline for trading partners to submit their “best offers” to avoid further steep import duties set to take effect in early July.

Markets rose after the call on the notion that Trump would back down on the tariffs when they become too disruptive, but ended lower. “From an investor perspective in the short-term because there’s the view he will flip on his worst impulses,

President Donald Trump says China and the U.S. have agreed to more tariff talks amid trade standoff and concerns over rare earths.

A group of states and companies used the Trump administration’s own statements against them while urging a federal appeals court to pause the sweeping new tariffs on dozens of countries. The Thursday filings at the U.

White House trade advisor Peter Navarro reacted to Elon Musk's criticisms of President Trump's tariffs as Mr. Trump and Musk's public feud continues. CBS News' Aaron Navarro has the latest from the White House,

U.S. President Donald Trump said on Friday that he has no plans to speak with Elon Musk, signaling the president and his former ally might not resolve their feud over a sweeping tax-cut bill any time soon.