The Trump administration implements sweeping tariffs while securing deals with key partners and maintaining temporary truces with Mexico and China.

U.S. President Donald Trump's so-called "reciprocal" tariffs took effect on Thursday, imposing higher duties on many of the country's trading partners' exports to the U.S. "IT'S MIDNIGHT!!! BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!" Trump wrote on social media platform Truth Social.

Brazil has requested consultations at the World Trade Organization over tariffs imposed by U.S. President Donald Trump on the South American nation.