President Donald Trump signed a directive June 3 formally raising steel and aluminum tariffs to 50% from 25%聽starting June 4.

The Office of the U.S. Trade Representative has sent letters to trading partners to remind them of an upcoming deadline in tariff negotiations, according to the White House.

U.S. factory activity contracted in May for a third consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of higher tariffs.

A group of small businesses that won a ruling that most of President Donald Trump鈥檚 global tariffs are illegal want them blocked during the administration鈥檚 appeal.

After the U.S. and China agreed to lower tariffs from astronomical heights, tensions are now surging over access to chips and rare earths. And Beijing increasingly appears to have an edge.

The Chinese Ministry of Commerce issued a statement June 2 rebuking the U.S. president鈥檚 claim that Beijing breached the consensus reached in Geneva in May.

The measure would open new opportunities for oil and gas development in the mammoth National Petroleum Reserve-Alaska, an Indiana-sized parcel in the northwest of the state.

Prime Minister Mark Carney is pushing to offset the economic pain caused by U.S. President Donald Trump鈥檚 tariffs by compelling Canadian provinces to liberalize trade with one another.

Futures tracking the prices U.S. manufacturers pay for aluminum and steel surged after President Donald Trump said he will double tariffs on the metals this week.

Mayors in states that border Canada are calling for an end to President Donald Trump鈥檚 trade war with the country, saying it has harmed businesses and workers in their communities.