The Court of International Trade has struck down a second round of global tariffs ordered by President Trump, after his earlier import taxes were outlawed by the U.S. Supreme Court.

China's Foreign Ministry criticized the Trump administration's trade investigation as a "pretext" for tariffs. Meanwhile, China is moving ahead with a five-year plan that may rankle trade partners.

President Trump previously said he would implement 10% global tariffs after the U.S. Supreme Court struck down his tariff policies.

Trucks have been stuck at the closed border since October. Both countries are facing economic losses with no end in sight. The Taliban also banned all Pakistani pharmaceutical imports to Afghanistan.

The Port of Savannah is calling 2025 its second busiest year on record, as businesses sourced inventory before tariffs kicked in.

India and the European Union have reached a free trade agreement, at a time when Washington targets them both with steep import tariffs, pushing major economies to seek alternate partnerships.

Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday.

The payments are targeted at row crop farmers in the wake of this year's tariff hikes.

Monday's call was the latest in a flurry of diplomatic and trade parries between the U.S. and China over tariffs and technology export restrictions.

Analysts say Thursday's announcement is China's bid to strengthen its leverage in trade talks with the U.S., ahead of a planned leaders' meeting.

India's shrimp exports to the U.S. were once a success story. Now the industry faces ruin amid President Trump's 50% tariff on imports from the country.

The United States imports oil products from India's Reliance Industries refinery, which sources nearly half its oil from Russia.

At a summit meeting in Washington, D.C., on Monday, the U.S. and South Korean presidents will discuss modernizing their 71-year-old alliance and fleshing out a trade deal reached last month.

After Canadian Prime Minister Mark Carney announced he would lower tariffs, President Trump said "We want to be very good to Canada. I like Carney a lot. I think he's a very good person."

Court rulings against President Trump's tariffs could spell relief for many American importers — if the decisions hold. For now, the uncertainty remains.