The Trump administration is stepping up its ambitious effort to replace about $1.6 trillion in lost tariff revenue that was eliminated by the Supreme Court’s decision to strike down a range of the president’s import taxes.

Mexican government fears Trump will seek big changes to the agreement he struck with the countries in his first term

Agreement expected to alarm farmers in wake of strong opposition to Mercosur pact with South American countries

The US Department of Commerce has withdrawn a proposed rule governing global access to artificial intelligence (AI) chips, marking the latest shift in Washington’s evolving approach to AI export controls, Reuters reported.

The European Commission plans to suspend some duty-free sugar imports for at least a year to steady prices in the bloc, Bloomberg News reported on Friday, citing Agriculture Commissioner Christophe Hansen.

This move formally kicks off the administration’s effort to rebuild US president Donald Trump’s tariff wall after the Supreme Court ruling.

The European Union on Thursday warned it would “respond firmly” to any violation of a key tariff agreement by the United States after President Donald Trump’s administration announced new trade investigations.

Brussels now needs to formally notify the South American group of its intention to provisionally implement the accord.

There are two weeks until the European Parliament is due to vote on the EU-U.S. trade deal. But the outcome is still uncertain, and bitterly contentious.

Proposed Price Floors and Tariffs Aim to Curb Market Distortion and Bolster Investment