China has halted retaliatory tariffs that it imposed on a range of US agricultural products, after Washington officially halved its fentanyl-related levies on Chinese goods.

Bessent cited an exchange from Justice Brett Kavanaugh, who asked whether the plaintiffs were really arguing that a president could impose a 100% embargo, but not a 1% tariff, which Bessent said expo...

U.S. President Donald Trump’s key tool for deploying tariffs faces a critical legal test in the Supreme Court — one which could upend his plans to realign global trade.

Trump has made tariffs a central piece of his economic and foreign policy, and has said it would be a “disaster” if the Supreme Court rules against him.