Trump's tariffs slashed farm exports, raised input costs and left farmers reliant on unsustainable bailouts, experts warn.

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.

South Korea said newly elected President Lee Jae-myung spoke for the first time with Donald Trump and agreed to seek “tangible results” in trade negotiations, after the US leader imposed a 25% tariff on all imports from its Asian ally.

China and the U.S. have agreed to more tariff talks amid a trade standoff and concerns over rare earths, President Donald Trump said Thursday after a call with China's leader. Trump and Chinese leader Xi Jinping spoke on Thursday at a time when stalled tariff negotiations between their two countries have roiled global trade.

The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.

President Trump said his relationship with Elon Musk might be over after Musk spent the past few days trying to defeat Trump's "big, beautiful bill."

White House trade advisor Peter Navarro reacted to Elon Musk's criticisms of President Trump's tariffs as Mr. Trump and Musk's public feud continues. CBS News' Aaron Navarro has the latest from the White House,

The tech billionaire has suddenly fallen out with Donald Trump, and the two are jousting on social media.

President Donald Trump spoke with Chinese leader Xi Jinping on Thursday morning about their ongoing trade war, with Trump saying the two leaders agreed to have their teams resume talks “shortly.” Trump wrote on Truth Social that the call lasted about 90 minutes and focused “almost entirely on trade,