Leaders from both economies had been trying to negotiate more favorable terms, only to have those efforts blown up by form letters.

U.S. consumers face an effective U.S. tariff rate of more than 20%, the highest since the early 1900s, the International Chamber of Commerce has estimated following President Donald Trump's import levy announcements this week.

Nvidia CEO Jensen Huang dismissed concerns over President Trump’s tariff agenda, saying the California-based company will “work through it” and emphasized that the U.S. needs to bolster its production of chips.

President Donald Trump's administration says higher rates will go into effect Aug. 1. Here's where trade negotiations stand.

The European Commission responded to Trump's announcement in a written statement, saying it remains ready to reach an agreement, while also taking "necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures.

In a series of social media posts, President Donald Trump revealed higher tariff rates for six more countries as part of his ongoing "reciprocal" tariff policy based on bilateral trade deficits.

Letters went to 23 other American trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 percent

President Donald Trump said the U.S. will increase its tariff rate on Canadian goods to 35% starting next month. An outline of a trade deal with the European Union is close to being finished, a spokesman for the bloc said Friday,

President Donald Trump announced 30% tariffs Saturday on the European Union, a move that will have repercussions for companies and consumers on both sides of the Atlantic.