Tariffs, including the 15% rate for most imports from the EU, would raise consumer prices by 1.8% in the short run, according to the Yale Budget Lab.

The United States and the European Union agreed on a framework trade deal to end months of uncertainty for industries and consumers.

With Trump's tariffs looming, Indian and American officials are in intense discussions to find common ground on customs duties. Despite USTR Jamieson Greer indicating further talks are necessary and a trade deal unlikely soon,

President Donald Trump is meeting with United Kingdom Prime Minister Keir Starmer in Turnberry, Scotland, this morning to discuss trade. The U.S. and United Kingdom reached an agreement on tariffs in May. Yesterday, Trump announced a trade deal with the European Union that would set tariffs at 15% for U.S. imports of most European goods.

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal

Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.

"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."