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Beijing issued a lengthy denunciation of U.S. trade policies and accused Washington of violating a trade deal the countries reached in President Trump’s first term.

Yields on U.S. Treasuries rose Wednesday as investors sold government bonds, usually a haven. In Britain, a sustained version of that trend in 2022 led to a prime minister’s downfall.

The European Union is poised to approve a plan to hit back at President Trump’s steel and aluminum levies. Further measures could come next.

State media drove social media discussions around phrases like: “America is fighting a trade war while begging for eggs.”

Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.

The feud between two of President Trump’s top advisers is playing out as the administration’s new tariffs have caused huge losses across global financial markets.

Jamieson Greer, the United States trade representative, will tell senators the U.S. is economy is in need of “drastic, overdue change.”

A big hit to portfolios would be felt acutely by higher-income Americans, whose spending has recently been the biggest driver of the economy.

Peter Navarro, a senior White House trade adviser, defended President Trump’s tariffs and addressed criticism from Elon Musk.

Dozens of foreign governments were trying to appeal to the president to have steep tariffs rolled back, but the president and his advisers have indicated negotiations could be difficult.