Prior to the agreement last month, the European Union faced the prospect of a 30% tariff rate. Instead, products from one of the largest U.S. trade partners will be slapped with a 15% tariff.

The U.S. and the European Union released a joint statement on Thursday outlining a "Framework Agreement" on trade, weeks after President Donald Trump announced a deal in July.

The fresh details expand upon an agreement struck last month.

Price increases could hit tableware, motorcycles and assorted children’s products as a result of the Trump administration’s expansion of 50% steel and aluminum tariffs, analysts said.

The Trump administration's move extended the tariffs to hundreds of additional products.

So far, the U.S. has defied economists' fears of a tariff-induced price surge.

Tourism in Las Vegas is slumping this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad

Tourism in Las Vegas is slumping this summer, with resorts and convention centers reporting fewer visitors compared to last year, especially from abroad, and some officials are blaming the Trump administration’s tariffs and immigration policies for the...

On “This Week,” ABC News’ Senior National Correspondent Steve Osunsami reports on how tariffs will affect businesses along the U.S.-Canada border.

The wholesale-price spike may eventually hike prices for shoppers, experts said.

Bankrate senior analyst Mark Hamrick says "consumers should brace for further price increases."

U.S. wholesale inflation surged unexpectedly last month as President Donald Trump’s sweeping taxes on imports are pushing costs higher

The Brazilian government has unveiled a plan to support local exporters affected by U.S. tariffs

Global shares are mostly higher after President Donald Trump delayed raising tariffs on China for another 90 days

Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, appliances, and toys, which could make it harder for the Federal Reserve to cut short-term interest rates as President Donald ...

Shares are mixed a day ahead of U.S. President Donald Trump's deadline for imposing higher tariffs on goods imported from China

Ron Kurnik, owner of Superior Coffee Roasting, joins ABC News Live to discusses how tariffs are affecting his business.

Small business owner Gabe Hagan says he is scrambling to keep up with the rise in coffee prices as Trump's reciprocal tariffs take effect.

KPMG Chief Economist Diane Swonk breaks down the fallout from President Donald Trump’s latest tariffs, which took effect Thursday.

Countries are scrambling to respond to President Trump's tariffs, as U.S. businesses and consumers prepare to face higher costs. The Yale Budget Lab estimates households may pay $2,400 more annually.

A Michigan manufacturing CEO reveals how Trump's new global tariffs are forcing price hikes, driving away customers, and threatening small business survival.

U.S. business owners and consumers say they are preparing for the repercussions of the president's tariffs, marking the highest tariffs in nearly 100 years.

Carrin Harris, CEO of the U.S. small business Blitz Proto, joined ABC News Live to discuss how Trump’s new tariffs affect her company.

President Donald Trump’s sweeping new tariffs finally took effect on Thursday, slapping levies on dozens of countries and risking price increases for a host of everyday goods.

Trump issued a flurry of tariffs on dozens of countries in recent days.

Tariffs between 10% and 41% were applied on Thursday to nearly 70 countries that failed to meet a midnight deadline to make trade deals with the U.S.

President Donald Trump's new tariff rates on U.S. imports from dozens of countries have taken effect, the latest chapter in his effort to reshape global trade

ABC News’ Gio Benitez discusses the latest tariff and policy decisions from the White House with President Trump’s trade advisor, Peter Navarro, saying the president is leveling the playing field.

Daniel Hornung, a senior fellow at MIT and former deputy director of the National Economic Council, breaks down the looming tariff deadline after President Donald Trump imposed new tariffs on India.

India's Ministry of External Affairs slammed Trump's new tariffs, calling them "unjustified" and "unreasonable," adding that both the U.S. and the EU have still relied on Russian goods and trade.

President Trump fired the BLS chair Erika McEntarfer on Friday, claiming without evidence that jobs data was manipulated, and pledged to announce a replacement soon.

ABC News Chief Business Correspondent Rebecca Jarvis breaks down the latest jobs report and if Americans can expect higher prices for the holidays because of President Donald Trump’s new tariffs.

American households could face an extra $2,400 in costs this year as new tariffs are set to take effect this week and prices for some everyday goods are on the rise.

American businesses and consumers are already feeling the squeeze from President Donald Trump’s trade war, more tariffs are expected later this week.

ABC News Correspondent Morgan Norwood takes a look at how the checkout price may change for products following the sweeping wave of tariffs from the Trump administration.

President Donald Trump announced on Thursday he’s raising import taxes on nearly 70 countries starting Aug. 7.

Some major companies are now planning to increase prices to offset tariff costs. ABC News’ Selina Wang reports.

Bethany Braun-Silva shares tips for getting ahead of potential price increases on everyday goods.

The production volume of tencha, the raw tea leaves that become matcha powder, has risen sharply in the past five years, according to Japanese officials.

Investopedia editor Caleb Silver breaks the latest in economics, from tariffs to student loan changes.

Wisconsin Republican Rep. Bryan Steil was booed when he expressed support for President Donald Trump’s trade policies in a town hall on Thursday night.

ABC News’ Stephanie Ramos is joined by co-founder of the Yale Budget Lab to discuss the latest jobs report, which showed a major slowdown of hiring in recent months.

Stocks tumbled on Friday in response to the sweeping new levies.

Republican Rep. Bryan Steil faced boos as he defended President Trump's tariff policy at a town hall in Wisconsin.

Ahead of President Trump's Aug. 1 deadline for the resumption of reciprocal tariffs, a court is hearing arguments over whether Trump's sweeping tariffs are lawful.

A panel of appeals court judges on Thursday voiced deep skepticism with the Trump administration's attempt to justify sweeping tariffs based on a national emergency.

There will soon be significantly higher tariffs, the highest import taxes in more than a century in most cases, on products coming into the U.S. with almost all trading partners.

President Trump issued an executive order Thursday, slapping tariffs on many of America's trading partners, but the new duties are set to go into effect in seven days -- not Friday as was anticipated.

Hiring slowed in July as President Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists' expectations.

President Donald Trump signed an executive order Thursday, slapping tariffs on most of America's trading partners set to take effect next week.