President Trump is reportedly pushing for higher blanket tariffs on imports from the European Union, throwing a wrench in negotiations ahead of an Aug. 1 deadline for sweeping duties to take effect. The Financial Times reported that Trump wants a minimum of a 15% to 20% tariff on EU goods as part of any deal.

Trump has rolled back many of his steepest tariffs over recent months, including a sky-high levy on China, the top source of U.S. imports. In recent days, however, Trump announced plans to slap tariffs as high as 50% on dozens of countries, including 25% tariffs on top U.S. trade partners such as Japan and South Korea.

America has a huge debt, and it's financed by half the world. If foreign nations and investors coordinated, it could force Trump to negotiate more reasonably on tariffs. But the threat on the world economy is huge.

President Donald Trump’s plan to slap a 50% tariff on copper imports is exposing the tangled web of regulations that have long stifled America’s ability to mine and refine its critical minerals. The new tariff is set to take effect in August and will target refined and semi-finished copper,

Long before President Trump wielded tariffs as a weapon to punish Indonesia, the country was fighting back a flood of cheap Chinese goods.

The Trump administration is imposing a substantial tariff on a raw material that is critical for electric vehicle batteries, which could significantly raise the cost of building EVs in the United States.

The two countries have been trying to negotiate an end to an escalating tit-for-tat tariff war that has upended global trade and supply chains. Trump has sought to impose tariffs on U.S. importers for virtually all foreign goods,