Since the 1960s, tariffs — or import taxes — have emerged from negotiations between dozens of countries. Trump wants to seize the process. “Obviously, it disrupts the way that things have been done for a very long time,

European Commission President Ursula von der Leyen said during the Munich security conference Friday the European Union will respond if the United States imposes reciprocal tariffs.

Treasury Secretary Scott Bessent defended President Trump’s recent decision to study the proposed reciprocal tariffs instead of immediately enacting them. “As we’ve learned that with