Trump has touted the $125 billion in revenue his already-existent import taxes have brought in, with hundreds of billions more pledged by a handful of nations in the form of investments. Yet it’s come at the cost of slower economic growth and the prospect of already stubborn inflation reheating.

Commerce Secretary Howard Lutnick spoke about how President Trump's tariff threats brought EU negotiators to the table during an interview with Charlie Kirk on Tuesday.

Numerous countries around the world are facing the prospect of new tariffs on their exports to the United States on 7 August, as they haven't yet reached a trade deal with the Trump administration. Vi