Part of the agreement involves a commitment to buy American oil and gas. Over the course of the Russia-Ukraine war, now in its fourth year, most of the EU has slashed its dependence on unreliable energy supplies from Russia, but Hungary and Slovakia still have not.

U.S. Treasury Secretary Scott Bessent on Tuesday said he warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress, but was told that Beijing would protect its energy sovereignty.

Time is running out for countries to reach an agreement to avoid Donald Trump's delayed tariffs.

Americans’ view of the U.S. economy improved this month, but Americans remain concerned about the impact of tariffs on their economic futures.

Donald Trump has left Scotland at the end of his four-day visit after discussing whisky tariffs and Gaza with First Minister John Swinney. A Scottish government source said the two leaders had a "very good conversation" which lasted between 15 and 20 minutes on the US president's Balmedie Estate.

The Trump administration’s tariffs are raising costs for businesses, reducing the benefits of productivity improvements.

Consumer products giant Procter & Gamble offered an annual earnings outlook that was below analysts’ projections and said it would raise prices on about a quarter of its products in the U.S. in part due to costs of President Donald Trump’s tariffs.

Fareed Zakaria asks Bill Gates how damaging he thinks Trump’s tariffs are. Hear his response . 01:43 . Now playing