US Treasury Secretary Bessent hailed the 25% tariff on Indian Russian oil purchases as a “success,” criticised Europe for buying refined Russian products, and hinted at a possible removal of the penalty.

"I will not be imposing the Tariffs that were scheduled to go into effect on February 1st," President Donald Trump wrote on Truth Social on Wednesday.

A new study from the Kiel Institute found that foreign exporters only absorb 4% of tariff burden.

The timing of the court’s decision has been the subject of much speculation and anticipation. But now it may not land for at least several more weeks.

Ken Griffin, CEO of Citadel, weighed in on how Trump's economic and geopolitical policies have impacted the US during the World Economic Forum.

By Dave Graham DAVOS, Switzerland, Jan 22 (Reuters) - President Donald Trump's use of tariffs as a foreign policy tool added fresh impetus in Davos this week to efforts to boost global trade beyond the U.

Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.

President Donald Trump has said over the last year that money brought in from his increased tariffs would pay for at least half a dozen initiatives -- from reducing the national debt to providing dividend checks to "moderate income patriots" -- but the revenue raised so far can't deliver all of them.