High tariffs on China-made products drove U.S. imports from the world’s second-largest economy to a 16-year low in June — yet the dramatic shift hasn’t put a big dent in America’s overall trade deficit.

A bill vowing levies of up to 500% on countries that buy Russian oil is making its way through Congress. Meanwhile, the European Union’s 18th package of sanctions is due to ban refined products made from Russian crude in January.

The administration says the tariffs could bring in $50 billion each month. President Donald Trump celebrated the start of his long-awaited tariffs Thursday, declaring that money was “flowing into the USA at levels not thought even possible!

President Trump's latest round of tariffs are now in effect, and the president is promising even more tariffs on countries that are helping to fuel Russia's war with Ukraine. Erica Brown reports from the White House.

President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy.

Here’s how Canada, Mexico, China and other countries fare under President Donald Trump’s plan to rebalance global trade.

President Trump on Thursday imposed once unthinkably high U.S. taxes on imports from dozens of countries, part of his campaign to turn one of the world’s most open economies into a fortress bristling with barriers to trade.

The president’s trade war entered a new phase on Thursday with hefty levies on scores of countries taking effect, adding further uncertainty.