South Korea said on Wednesday the European Commission's proposal to cut tariff-free steel import quotas by almost half and to impose a 50% duty for excess shipments would negatively impact South Korean steel exports if implemented as planned.

The US is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers US$3.2 billion next year as US President Donald Trump seeks to address China's growing dominance on the high seas.

U.S. President Donald Trump is considering significant tariff relief for U.S. auto production that could effectively eliminate much of the costs major car companies are paying, Republican U.S. Sen. Bernie Moreno and auto officials told Reuters Friday.

The Supreme Court will likely agree with lower courts that ruled President Donald Trump can’t use the International Emergency Economic Powers Act to impose broad tariffs, according experts surveyed by JPMorgan.

American farmers are having a tough year, in no small part because of President Donald Trump’s trade war. Now, the White House is gearing up to extend them a multi-billion-dollar bailout, sources tell CNN.

The EU is preparing to reduce foreign steel quotas by almost half as part of new measures set to be proposed next week.

Trump administration officials are considering easing tariffs on Scotch whisky after Prime Minister Keir Starmer raised the issue with President Donald Trump at last month’s state visit.

An agreement struck between Britain and the European Union in May to reduce friction on the trade of agricultural produce could be implemented within a year with "good political will”.

The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed on details told Reuters on Wednesday.

Treasury Secretary Scott Bessent predicted a “pretty big breakthrough” in the next round of trade talks with China, even as the Trump administration takes steps to support American farmers hurt by a decline in Chinese purchases of soybeans.