President Donald Trump's mission to close the U.S. trade deficit met a greater challenge as America's trade deficit in goods soared to a record $1.2 trillion in 2024.

New tariffs on Chinese imports are on, even as Canada and Mexico won a reprieve. Could the European Union be next? And how is the president defining victory?

Punishing 25% levies on imports from America’s closest neighbors were due to come into force at 12:01 a.m. ET Tuesday, but Trump put his two-front trade war on hold, claiming he’d scored two big wins and major concessions.

BBC reporters in the US, Canada and Mexico assess the fallout after Trump gets border promises in return for a 30-day pause on tariffs.

Several trade groups are sounding the alarm that President Donald Trump's tariffs on goods from Canada, Mexico and China will drive up costs for Americans.

Beijing announced tariffs of 10% to 15% on U.S. coal, liquefied natural gas, crude oil, pickup trucks and other products shortly after the U.S. tariff took effect.

The president will soon have to decide whether to match his trade rhetoric with action or shelve his tariff plans.