As of May 28, the U.S. had collected $68.23 billion in tariff revenue for 2025—an increase of 78 percent over the same period last year.

President Donald Trump dropped a bombshell at a Friday evening rally, announcing that tariffs on imported steel would go from 25% to 50%. That move is designed to help the domestic industry profits. The U.

The aggressive tariff strategy of President Donald Trump has led to significant economic disruptions, yet it has also resulted in a remarkable increase in U.S. government revenue from tariffs. As of May 2025,

Two Japanese men were killed in Dalian, a city in northeastern China, and a suspect has been detained, Kyodo News reported on Tuesday, citing the Japanese embassy in China.

A private gauge of China’s manufacturing activity tumbled into contraction in May, as tariffs continue to weigh despite a trade truce with the U.S.

US 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.

Legal battles intensify over Trump's tariffs, with the administration appealing court decisions that challenge the use of IEEPA for economic policy enforcement.

The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.