The EU on Monday agreed to speed up tariff talks with the US, easing concerns about a trans-Atlantic trade war. The move followed Trump’s announcement on Sunday that the US woul

Donald Trump's wide-ranging taxes on imports were reinstated this week after being deemed illegal by a trade court. Their ultimate fate is yet to be decided.

(Reuters) -A federal appeals court on Thursday temporarily reinstated U.S. President Donald Trump's most sweeping tariffs, just a day after a trade court ruled that Trump had overstepped his authority in imposing the duties and ordered an immediate block on them.

The U.S. president’s trade policies are exposing the fragility of an economic model built on car production and jeopardizing growth, jobs and standards of living.

Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.

Trump backed away from his threat to impose 50% tariffs on imports from the European Union next month, restoring a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal.

The delay offers the bloc more time to negotiate a trade deal and avert 50% tariffs that Trump had threatened to impose on June 1.

For months, President Donald Trump has boasted that his most sweeping tariffs amount to powerful leverage to win trade concessions from Beijing to Brussels.