April's "Liberation Day" was about President Trump trying to impose a new global trade system. Thursday's tariff orders were effectively a reset to create a somewhat more practical regime. Why it matters: Trump scrapped most of the highest levies,

An appeals court in Washington considered President Donald Trump's sweeping tariff plan, which comes into force Aug. 1 and has sparked consternation from small businesses.

President Donald Trump struck a new trade deal with the European Union on Sunday, allowing the EU to avoid a 30% tariff rate that was scheduled to begin on Aug. 1. Trump met with European Commission President Ursula von der Leyen over the weekend and discussed the new trade deal,