The Trump administration is “highly likely” to extend next month’s deadline for countries to agree one-for-one trade deals — so long as they are engaged in “good-faith negotiations,” Treasury Secretary Scott Bessent told lawmakers Wednesday.

China, Mexico, the European Union, Japan, Canada and many airlines and aerospace companies worldwide urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts,

The fate of President Donald Trump’s trade war lies in the hands of the courts as a legal battle plays out over his use of emergency powers to impose tariffs.

Revenue from duties jumped to $22 billion in May, and customs officials are stepping up enforcement to collect it.

Berkshire Hathaway's CEO challenges new trade tariffs affecting Mexico, Canada, and China. Warren Buffett's rare public statement signals growing market concerns.

WASHINGTON (Reuters) -Five nations and the European Union, as well as airlines and aerospace firms worldwide, urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts, documents released on Tuesday showed.