European Commission President Ursula von der Leyen is meeting President Donald Trump on Sunday in Scotland, trying to hammer out a last-minute trade deal before U.S. tariffs on European Union goods hit 30% on August 1.

South Korea and the United States have been discussing a shipbuilding tie-up that could include investments to modernise U.S. shipyards and more help to repair the U.S. naval fleet as Seoul seeks better tariff terms,

It is only a week away from the Aug 1 deadline when the 36% reciprocal tariff levied on Thai exports to the US will take effect.However, US President Donald Trump has left the door open for countries to negotiate for lower tariffs.

As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.

"Other trading partners observing these threats will have the same mistrust of the negotiation process," experts argue.

With inflation creeping back into the US economy, it's as important as ever to have a firm grasp on Donald Trump's tariffs and what they mean.

President Donald Trump set out early in his second term to fulfill a decades-long desire of reshaping US trade with the world, but the main outcomes so far have been discord and uncertainty. - 'Politically complicated' - "The shift in his rhetoric from 'there is no cost -- the foreigners pay the tariffs' to 'there is a short term cost,

The president has earned a reputation for bluffing on tariffs. But he has steadily and dramatically raised U.S. tariffs, transforming global trade.