Commerce Secretary Howard Lutnick said Sunday that “tariffs are not going away” after a US appeals court paused a block on many of the Trump administration’s sweeping tariffs.

A cloud hangs over the global economy, experts have warned, after a bombshell court ruling blocked Donald Trump’s tariffs, creating more “confusion and uncertainty”.Financial markets reacted positively to the unanimous ruling by three judges,

President Trump’s threat to impose big charges — including 50 percent on the European Union — was in question after judges blocked his across-the-board levies.

US tensions with two key trade partners amped up on Monday after President Trump doubled tariffs on steel and aluminum and the US pushed countries for deals ahead of looming deadlines. China responded to Trump's claim on Friday that it has "totally violated its agreement" with the US,

U.S. President Donald Trump will sign an executive order on Tuesday making official his vow to double tariffs on steel and aluminum, White House spokeswoman Karoline Leavitt told reporters in a briefing.

Even before Donald Trump’s “Liberation Day” tariffs on April 2nd, the median estimate among the 48 who were surveyed by the University of Chicago’s business school was that Mr Trump’s levies would raise inflation in 2025 by 0.

US import duties on steel and aluminium tariffs are now officially at 50 percent this Wednesday, after US President Donald Trump signed a directive bumping them up from 25 percent. The move has led some of the biggest exporters of metals to the US,