The European Union is pushing to secure a trade deal with the U.S. ahead of President Donald Trump's Aug. 1 deadline.

Alcoa Corp., the largest US aluminum producer, said tariffs on imports from Canada cost it $115 million in the second quarter, showing how US President Donald Trump’s trade agenda has affected the industry.

US President Donald Trump’s aggressive tariff campaign has, so far, yielded significant financial gains for the US government.TL;DRTrump’s tariffs have brought the US a record surge in customs revenue-$64 billion in Q2 2025.

Finance Minister Enoch Godongwana says the stakes are high and the economic impact will be severe if a deal is not reached.

"Other trading partners observing these threats will have the same mistrust of the negotiation process," experts argue.

President Donald Trump in recent days slapped tariffs as high as 50% on dozens of countries, restoring the type of aggressive trade policy that sent stocks plummeting a few months ago. The new round of levies prompted little more than a shrug on Wall Street.

Philippine President Ferdinand Marcos Jr. will discuss the planned US tariff on the Southeast Asian nation during his trip to Washington that includes a meeting with President Donald Trump.Marcos will seek to bolster US-Philippine security and economic ties during the July 20-22 visit,

Elizabeth Warren introduces a price gouging bill to target big companies that use market shocks including a trade war to push through excessive price increases.