An escalatory spiral that leads towards Eurasia's 10% 'trade war' scenario, however, would prompt Brussels to deploy escalatory measures, such as "export controls/duties, public procurement curbs, and/or penalties on U.S. services exports" by using the ACI "trade bazooka as a last resort," they concluded.

President Donald Trump’s threat to impose 30% tariffs on the European Union starting Aug. 1 disrupted negotiations and risks damaging a crucial trade relationship.

Re “A look at the 14 countries that received Trump’s tariff letters” (July 8): President Trump’s helter-skelter application of tariffs is bad for the U.S. and bad for world

President Trump is set to meet at the White House on Tuesday with President Ferdinand Marcos Jr. of the Philippines, who is seeking to leverage his country’s close relationship with the United States to secure a more favorable trade deal.

Like most foreign leaders coming to visit President Donald Trump, the Philippines’ Ferdinand Marcos Jr. will look to make a personal connection with his American counterpart on Tuesday as he seeks a new trade deal.

President Donald Trump hosts Philippine President Ferdinand Marcos Jr. on Tuesday at the White House, seeking closer security and economic ties at a time when China is increasingly assertive in the In

General Motors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging tariff policies, which it said sapped $1.1 billion from the results.

General Motors is the latest company to record a hit from the president’s trade war. But so far, investors remain upbeat.

General Motors Co.’s second-quarter profit fell as President Donald Trump’s tariffs chopped $1.1 billion from adjusted earnings.