The rulings against the levies in two federal courts – the U.S. Court of International Trade and the U.S. District Court in Washington, D.C. -- centered on Trump's unprecedented invocation of the International Economic Emergency Powers Act as a legal justification for tariffs.

U.S. stocks roared back in May as global trade tensions eased, but tariff-related developments around the month’s end suggest a smooth climb from here may be challenging.

Crypto markets stay flat as Trump slams China but holds off on 145% tariffs. A potential Trump-Xi call may signal diplomatic next steps.

Japan and the U.S. on Friday agreed to hold another round of trade talks ahead of the G7 summit next month, Japan's top tariff negotiator said, stressing that no deal would be without concessions on all Washington's tariffs,

They include the "fentanyl tariffs" that Trump imposed at the outset of his second term, the "reciprocal" tariffs he announced on April 9 (which so far have extended only to China) and the de minimis tariffs on low-cost imports from China.

Costco said its team of buyers monitored prices on goods like butter and eggs "hourly" and rerouted imports to avoid US tariffs.

The prominent conservative legal activist is “a bad person who, in his own way, probably hates America,” the president fumed on social media about his former ally.