Four months since Trump fired the opening salvo of his trade war, only China and Canada have dared to hit back at Washington imposing a minimum 10 per cent global tariff, 50 per cent levies on steel and aluminium, and 25 per cent on autos.

Following Trump’s 50% tariff hike on Brazilian goods, a decree creates fast-track process for countermeasures against countries targeting Brazilian interests.

Analysts including Deutsche Bank’s Jim Reid and Goldman Sachs’ Sven Jari Stehn suggest Trump's sharp escalation is more likely a negotiation tactic than a firm policy shift.

After the announcement of a 30% surcharge on all European products, the 27 member states are opting for a three-pronged approach: negotiating, preparing countermeasures and forming alliances with other major countries to increase their leverage against the US.

President Trump announced his team struck a trade deal with Indonesia on Tuesday that will see goods from the country face a 19% tariff. The announcement comes after Trump unveiled a new batch of letters to over 20 trade partners outlining tariffs on goods imported from their countries beginning in August.

European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, in response to President Trump’s latest tariff announcement, say they are open to trade talks but

Colorado Gov. Jared Polis on Monday took executive action in response to President Trump’s tariff policy Polis says “is causing uncertainty for many key Colorado Industries.”

President Trump announced in letters posted to social media on Saturday that he would place a 30 percent tariff on goods from the European Union and Mexico, upending months of careful negotiations and disrupting America’s economic relationships with two of its biggest trading partners.