Sales at Walmart’s US stores rose nearly 5 percent in its most recent quarter, a better-than-expected result that suggests shoppers squeezed by inflation and wary of economic uncertainty continue to flock to the retailer for staples and other goods,

Major U.S. retailers are deciding whether to pass higher costs from tariffs directly to consumers and risk losing them, or absorb the increases and hope shoppers remain loyal.

The White House's abrupt move to double duties on Indian goods over its Russian oil purchases came with little warning and no clear path forward.

White House trade adviser Peter Navarro said Thursday that he doesn’t expect President Trump to extend the timeline on doubling tariffs on India as a penalty for buying Russian oil beyond next week. Trump is set to hit India on Aug.

The EU-US trade agreement is poised to cut the US import tax on cars from the EU from 27.5% to 15%. However, details released Thursday reveal that the lower rate won’t take effect until the EU takes separate action to reduce its own tariffs on US goods.