Though the Trump administration and European Union have agreed to a deal that reduces planned U.S. tariffs, Mexico still faces 30% levies on goods imported into the U.S. If tariffs do take effect on Aug. 1, experts say prices for everything from produce to cars and trucks could soon be on the rise for U.S. importers and consumers.

Trump’s tariffs spark a nationalist reaction in Latin America. Is the U.S. president a godsend for the region’s leftist leaders?

A vast majority of trade between Mexico and the U.S. has been exempt from tariffs for months. That could change on Monday.

In his letter to Mexico's leader, President Claudia Sheinbaum, Trump acknowledged that the country ... and we’re left out,” Holtz-Eakin said. If the tariffs do indeed take effect, the potential impact on Europe could be vast. The value of EU-U.S ...

With talks at a standstill, a new U.S. tariff threat raises economic tensions as Canada faces a potential 35% penalty outside key trade protections.

On Monday morning, Trump said the baseline tariff rate for the world will be “in the range of 15 to 20% ... probably one of those two numbers.” “We’re going to be setting a tariff for essentially the rest of the world,

The figures are significant because they represent a major increase from the 10% baseline tariff Trump announced in April of this year.

Experts at Bankrate have warned that the cost of President Donald Trump’s tariffs could ultimately be passed on to American consumers, unless importers or businesses absorb the costs