Shipping companies said on Monday that President Trump’s offer to provide them safe passage through the Strait of Hormuz fell short of the sort of arrangements that would persuade them to make the trip, the New York Times reported. Mr. Trump said on Sunday that the United States would “guide” commercial vessels through the strait, which Iran has effectively closed since the war in the Persian Gulf started two months ago. But the president provided few details on how the program, Project Freedom, would work.

When potential providers and financiers for Venezuela's electric industry, including Siemens Energy and GE Vernova, held meetings with officials in Caracas in April, questions of how they might get paid to shore up the country's deteriorated grid were top of mind, Reuters reported. Those executives came away hesitant, the sources said, as ‌the nation tries to jumpstart a $100 billion reconstruction plan pushed by Washington.

U.S. President Donald Trump said ‌on Friday he would increase tariffs on cars and trucks from the European Union to 25%, saying the bloc had not complied with its trade deal with Washington, Reuters reported. "Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing ​Tariffs charged to the European Union for Cars and Trucks coming into the United States," he wrote in a ​social media post. "It is fully understood and agreed that, if they produce Cars and Trucks in ⁠U.S.A.

After securing a majority government in Canada last week, Prime Minister Mark Carney faces his biggest challenge: redefining trade with the U.S. under President Donald Trump, Reuters reported. Canada, the U.S. and Mexico must agree by July 1 ​to keep the deal as is, insulating most Canadian goods from U.S. tariffs, renegotiate it, or hold annual reviews until its 2036 expiry. Carney, under U.S. pressure for concessions, will push ‌for a revised deal this year that addresses tariffs against Canadian steel, aluminum and autos.

President Trump said on Tuesday that the U.S. was considering offering financial support to the United Arab Emirates, an oil-rich ally that has been contending with economic fallout from the war in Iran, the New York Times reported. The war has damaged oil and gas infrastructure throughout the Middle East, dealing a blow to economies that rely on the Strait of Hormuz to transport crude around the world. The U.A.E. is an unlikely recipient of economic support, and the fact that it has inquired about assistance demonstrates the cascading effects of the conflict.

European Union ​exports to the United States dropped by more than a quarter for a second consecutive month in February, but may be exaggerating the ‌impact of President Donald Trump's tariffs, given they follow a year-ago period when front-loading began, Reuters reported. Exports from the 27-nation European Union to the United States fell by 26.4% in February, EU statistics agency Eurostat said on Friday, following a 27.8% drop in January, and contributing to a 60% reduction in the EU's trade surplus.

A U.S. trade court on Friday considered the legality of a 10 global import tax imposed by President Donald Trump, which several states and small businesses say sidesteps a U.S. Supreme Court ruling that invalidated most of his previous tariffs, Reuters reported. A group of 24 mostly Democratic-led states and two small businesses sued the Trump administration to stop the new tariffs, which went into effect on Feb. 24. The hearing is before a three-judge panel of the U.S. Court of International Trade.

U.S. President Donald Trump said on Wednesday that imports from countries supplying Iran with military weapons will face immediate 50 per cent tariffs with no exemptions, announcing the threatened duty in a social media post just hours after agreeing to a two-week ceasefire with Tehran, Reuters reported.

The Trump administration will try to resolve as many problems with the ​U.S.-Mexico-Canada trade agreement as it can before July 1, ‌but negotiations to rebalance the trade pact are likely to continue past that deadline, U.S. Trade Representative Jamieson Greer said on Tuesday, Reuters reported. Greer told an event ​at the Hudson Institute that the U.S. may need to ​take steps to exit the North American trade pact in ⁠order to continue the talks.

Gautam Adani, India's second richest person, will ask a ‌U.S. judge to dismiss the Securities ‌and Exchange Commission's civil fraud case against him, his lawyers ​said on Tuesday, Reuters reported. Adani and his nephew Sagar Adani were charged by the SEC in November 2024 with orchestrating a scheme to pay or promise ‌to pay hundreds ⁠of millions of dollars in bribes to Indian government officials to benefit ⁠Adani Green Energy, where both men are executives and directors.