The U.S. and China had agreed to pause most of the sky-high tariffs on each others' goods amid trade negotiations – but that pause is set to expire in August.

Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a clear path forward to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies.

The president is set to raise taxes on imports arriving from many countries, including Canada and Mexico. That’s on top of the tariffs that the White House has already announced on scores of products.

President Trump’s tariff rollout has taken numerous twists and turns since launching earlier this year. The stakes are climbing ahead of Aug. 1, Trump’s self-imposed deadline for reaching trade deals.

Asked about a tariff rate "for the world," as Mr. Trump put it, the president responded, "I would say it'll be somewhere in the 15 to 20% range." The U.S. president made the remarks seated alongside U.

U.S. President Donald Trump said on Tuesday that the United States would start imposing tariffs and other measures on Russia "10 days from today" if Moscow showed no progress toward ending its more than three-year-long war in Ukraine.

Deputy head of Russia's Security Council Dmitry Medvedev delivers a speech during a session of the educational marathon "Knowledge. First" in Moscow, Russia, April 29, 2025. Sputnik/Yekaterina Shtukina/Pool via REUTERS/File Photo (Reuters) -Former Russian President Dmitry Medvedev said in a post on X on Monday that U.