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.

Trump's volatile trade policy has thrown the world economy into chaos, and put some US prices up.

Trump signed another order to impose a total of 50% tariffs on many goods from Brazil. However, it exempts key US imports like orange juice and aircraft parts that benefit Embraer (ERJ).

Explore the history, benefits, and challenges of globalization in business, emphasizing its impact on economies, industries, and consumers worldwide.

The latest news and expert analysis about the state of the global economy.