President Trump has threatened to increase Mexico’s tariff rate to 30 percent starting Aug. 1, claiming the country hasn’t sufficiently tackled drug cartels.

While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10 percentage points higher than what the president said he would apply to America's largest trading partner in April but lower than his mid-May threat of 50%.

Investors in auto firms, which sit squarely in the bullseye of President Donald Trump’s trade war, are about to find out if earnings back up the sector’s scorching rebound from this year’s lows.

The U.S. ends a nearly 30-year-old trade agreement with Mexico this month. Here's how it could impact the cost of this kitchen staple.

President Donald Trump released two tariff letters on Saturday, imposing duties of 30% on products from Mexico and the European Union.