The Office of the United States Trade Representative released a report highlighting foreign trade barriers that could influence tariffs the president puts into effect this week.

Trade Representative Jamieson Greer on Tuesday defended global tariffs before the Senate Finance Committee amid a bipartisan push by U.S. senators to end the tariffs.

European shares rose from 14-month lows on Tuesday, after four straight sessions of heavy selling, although investors continued to closely watch developments as countries responded to sweeping U.S. tariffs.

US stocks rally after days of turmoil, as European markets are mostly ending the day up at close But analysts warn that it may be too early to think the worst is over and that confidence in the market remains fragile White House press secretary Karoline Leavitt says countries are "falling over themselves" to negotiate trade deals with Trump Meanwhile,

Delegations from Japan and South Korea are en route. Italy’s prime minister will be in Washington next week. And Israel’s “proactive approach” to seeking out new US trade agreements could serve as a model for everyone,

A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.

Growing fears that Donald Trump's tariff blitz will plunge the world into recession are dashing hopes in the $400-billion-a-year luxury industry that wealthy Americans might help to pull it out of the biggest slump in years.