Who pays for these tariffs? Most economists reckon that ordinary Americans will lose out, as prices in shops rise. Mr Trump and his coterie, by contrast, blithely insist that the rest of the world will shoulder the load by cutting their selling prices. So far, the evidence is giving the know-nothings a glimmer of hope.

President Donald Trump is set to meet with European Commission chief Ursula von der Leyen in Scotland to discuss trade. Both sides are seeking an agreement on tariff rates.

Japan has agreed to a $550 billion investment package with the United States aimed at strengthening critical supply chains, particularly in semiconductors, as part of a broader tariff reduction deal.

As President Donald Trump’s tariffs add to a sense of uncertainty in Japan, the Sanseito party and its leader Sohei Kamiya made gains on a “Japanese first” platform.

President Donald Trump says that Japan has given him $550 billion to invest in the United States. It’s an astonishing figure, but still subject to negotiation and perhaps not the sure thing

President Donald Trump announced a new trade framework with Japan, boasting a staggering USD 550 billion investment in the US. However, details remain under negotiation, and it's uncertain if this represents new or existing investments.

Japan said Saturday that the country’s newly announced $550B investment package could be used to help finance semiconductor plants in the US.

First, are tariffs higher? It’s been hard to follow the many impositions, cancellations, negotiations and pauses in tariff policy. But one way to measure tariffs is “customs duties,” which is the revenue the government collects from tariffs on imported goods.