Bei Yi Seow

President Donald Trump's steeper global tariffs came into effect Thursday, leaving dozens of US partners scrambling to secure relief from soaring levies that are rewriting global trade practice.Shortly before the new rates kicked in, Washington also announced it would double India tariffs to 50 percent and hit many semiconductor imports with a 100-percent duty.Trump's trade policy is a demonstration of economic power that he hopes will revive domestic manufacturing, but many economists fear it could fuel inflation and lower growth.

The clock was counting down Thursday to Donald Trump's midnight deadline for unleashing fresh tariffs on US imports from dozens of countries -- a cornerstone of his economic policy aimed at creating a new world trade order.Meanwhile, a panel of skeptical US appeals court judges grilled a government lawyer Thursday on the legal basis for Trump's use of the 1977 International Emergency Economic Powers Act to push his tariff strategy through.

President Donald Trump ordered the reimposition of tariffs on dozens of trading partners Thursday -- his cornerstone strategy for reshaping global trade to benefit the US economy. However in a minor reprieve, the White House said the measures will take effect in a week, not this Friday as previously expected. The tariffs are a demonstration

President Donald Trump ordered the reimposition of tariffs on dozens of trading partners Thursday -- his cornerstone strategy for reshaping global trade to benefit the US economy.

President Donald Trump ordered the reimposition of tariffs on dozens of trading partners Thursday -- his cornerstone strategy for reshaping global trade to benefit the US economy.

President Donald Trump ordered the reimposition of tariffs on dozens of trading partners Thursday -- his cornerstone strategy for reshaping global trade to benefit the US economy.On Thursday, he claimed that the US economy had "no chance of survival or success" without tariffs.

At a strip mall in Maryland, a miniature landscape extends across a table between Dash Krempel and his friend as a war game unfolds. But their hobby is becoming more

At a strip mall in Maryland, a miniature landscape extends across a table between Dash Krempel and his friend as a war game unfolds. But their hobby is becoming more

US President Donald Trump has announced a "massive" trade deal with Japan, as China said it would send its vice premier to US trade talks next week to secure its own agreement ahead of a looming deadline.The Japan agreement, along with another pact with the Philippines also announced Tuesday, means Trump has now secured five agreements since his administration promised "90 deals in 90 days" from April's tariff delay.

US consumer inflation picked up in line with analyst expectations in June, government data showed Tuesday, with vehicle costs cooling over the month but increases seen in sectors exposed to