U.S. Customs and Border Protection (CBP) will cease collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) starting 24/2.
Countries are exercising caution following a US Supreme Court tariff ruling, with concerns growing over increased trade instability as Trump responds with an additional 10% tariff.
Facing threats of a 25% tariff increase from former US President Donald Trump, South Korea declares compliance with the agreement to invest 350 billion USD in the United States.
EU officials plan to "freeze" approval of a trade agreement with the US after President Trump threatened to impose import tariffs on eight European countries over the Greenland issue.