"More chips for China means fewer chips for the US," experts said, noting that "China’s biggest tech firms, including Tencent, ByteDance, and Alibaba," have spent $16 billion on bulk-ordered H20 chips over the past year.

President Donald Trump says he has clinched a trade deal with Europe that will avert the possibility of trade-killing 30% tariffs on the bloc’s exports to the U.S. But many important details remain unclear, so assessing the arrangement’s impact on consumers is a little difficult.

Fox News senior white house correspondent Jacqui Heinrich reports from Scotland where President Trump has come to a new trade agreement with the E.U. on 'The Story.'

Europe is to be flooded with American cars and energy after Brussels struck an eleventh-hour trade deal with Donald Trump. Under the terms of a pact announced on Sunday, the European Union will face 15 per cent tariffs on exports to the US, staving off a full-blown trade war after months of negotiations.

President Donald Trump is meeting Sunday with European Commission chief Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates with the White House's deadline to impose stiff import taxes looming this week.

Some foreign firms are taking a similar stance in response to Mr Trump’s new levies. In April Ferrari added up to 10% to the price of its cars. Britain’s Ineos said it would charge more for its Grenadier off‑roader. Canon, a camera-maker, has warned dealers to brace for price increases.

The recent fiscal and spending legislation, hailed by President Trump as his 'One Big Beautiful Bill,' aims to boost wages and opportunities for working families. However, its long-term benefits may be undermined by Trump's trade policies,

President Trump threatened to withhold potential trade deals from Thailand and Cambodia amid a border conflict that has displaced tens of thousands of civilians and left at least 32 people dead. Trump said on Saturday that he spoke with Cambodia’s prime minister Hun Manet and that he called Thailand’s acting Prime Minister Phumtham Wechayachai