The European Union and the US have announced a political agreement that will completely reset the €1.7 trillion ($2 trillion) transatlantic trade relationship.

President Trump spent four days in Scotland where he met with UK's prime minister to discuss framework of the EU trade deal.

President Trump may have gotten his way with tariffs on some countries, but his overhaul of American trade policy has not gone unchallenged.

“IEEPA nowhere mentions tariffs, duties, imposts, or taxes, and no other President in the statute’s nearly 50-year history has claimed that it authorizes tariffs,” the companies added in a filing with the appeals court.