Commerce Secretary Howard Lutnick claimed President Donald Trump has the upper hand in tariffs against China because the U.S. buys more of its products than the Chinese buy American. Lutnick’s analysis comes weeks after China filed a lawsuit against the U.

Washington – President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business.

Commerce Secretary Howard Lutnick said Thursday that President Donald Trump will likely announce later in the day a one-month tariff delay on all products that are covered by the USMCA free trade treaty,

Live updates on the trade disputes between the U.S., Canada, Mexico and China, plus stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

It's the latest twist in a fluctuating trade policy that has whipsawed markets and fanned worries about inflation and growth.

President Donald Trump on Thursday postponed 25% tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the

The temporary pauses followed leaders from Mexico, Canada, and China all vowing to take retaliatory action. Start the day smarter. Get all the news you need in your inbox each mor

After the call, Trump announced that Mexico would not be required to pay tariffs on any goods that fall under the United States-Mexico-Canada Agreement (USMCA) trade deal until Ap

Mexico will be granted a month-long reprieve from tariffs on goods that fall under an existing free-trade agreement with the United States, Trump wrote on social media.

It's the latest backpedaling in a trade war that Trump ignited earlier this week when he declared there was "no room left" for negotiations and imposed steep 25% tariffs on all goods imported from the two neighboring countries.