Under the United States-Mexico-Canada free trade pact (USMCA), which the Trump administration has confirmed remains in place, Canada and Mexico can export chocolate to the U.S. tariff-free no matter where they sourced their inputs of cocoa - a tropical crop that does not grow in the United States.

UBS CEO Sergio Ermotti discusses the bank's better-than-expected quarterly results and the impact of U.S. President Donald Trump's tariffs on European exporters.

Mercedes-Benz warned that revenue will be significantly lower than last year as tariffs hit sales of its cars and vans. The German luxury-car maker had previously said it couldn’t offer financial guidance with the necessary level of certainty amid the market volatility stemming from tariffs,

Part of the agreement involves a commitment to buy American oil and gas. Over the course of the Russia-Ukraine war, now in its fourth year, most of the EU has slashed its dependence on unreliable energy supplies from Russia, but Hungary and Slovakia still have not.

President Donald Trump’s tariffs will be back in court this week, marking another step in a legal challenge that could take arguments over his favorite economic weapon all the way to the Supreme Court. Oral arguments in a federal appeals court are set for Thursday, just a day before a host of countries are set to face higher levels of tariffs.

Time is running out for countries to reach an agreement to avoid Donald Trump's delayed tariffs.

Consumer products giant Procter & Gamble offered an annual earnings outlook that was below analysts’ projections and said it would raise prices on about a quarter of its products in the U.S. in part due to costs of President Donald Trump’s tariffs.

Adidas said on Wednesday higher U.S. tariffs would add around 200 million euros ($231 million) to its costs in the second half, having impacted its second quarter results by "double-digit" millions of euros.