Russia escaped Trump’s tariffs, but it could still suffer if the price of oil, the Kremlin’s economic lifeline, falls.

U.S. President Donald Trump has inadvertently hit Russia’s economy after his "Liberation Day" tariffs caused oil prices to drop drastically on April 7, with potentially massive ramifications for the Kremlin's ability to fund its ongoing war in Ukraine.

China is reaching out to other nations as the U.S. layers on tariffs, in what appears to be an attempt by Beijing to form a united front to compel Washington to retreat

After President Donald Trump's 90-day pause on most of his tariffs, the European Union announced they would also put a 90-day pause on its 25% reciprocal tariffs on the U.S. announced Wednesday morning that were set to start next week.

President Donald Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.

Dow, Nasdaq retreat more than 2% after global stocks surge in response to President Trump's partial tariff pause

Oil prices settled more than $2 per barrel lower on Thursday, wiping out the last session's rally, as investors reassessed a planned pause in sweeping U.S. tariffs and focus shifted to a deepening trade war between Washington and Beijing.