President Donald Trump on Thursday formalized the array of high tariff levels and trade deals he has announced in recent weeks, the latest escalation in his attempt to disrupt and reshape the global economic order.

Donald Trump's revised tariffs, averaging 15%, have sparked concerns about a potential demand shock and economic slowdown. While some countries may weather the storm, others like Switzerland face punitive rates.

President Trump aims to use a historic increase in tariffs, which he announced on July 31, to overhaul global trading alliances.

President Donald Trump shakes hands with European Commission President Ursula von der Leyen, as US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer and White House Deputy Chief of Staff Stephen Miller clap after an announcement of a trade deal between the US and EU in Turnberry, Scotland, on July 27.

EU Ambassador Jovita Neliupšienė discusses China, Russia, U.S. ties and the 'existential' issue of security with Newsweek.

Discrepancies between the two sides' version of the deal have emerged, and key details of the agreement are yet to be negotiated.

The S&P 500 fell 1.2% in Friday morning stock market action, as markets took a glass-half-empty view of weak job growth, despite better odds of a Fed rate cut on Sept. 17. The S&P 500's three-session losing streak is on track to reach four.

U.S. stocks held losses after Trump ordered a new slate of tariffs and jobs growth slowed more than expected. Amazon drops on cloud disappointment.