A three-judge panel of the U.S. Court of International Trade holds the first hearing on the challenges Tuesday morning in New York. Five small businesses are asking the court to block the sweeping import taxes that Trump announced April 2 – “Liberation Day,’’ he called it.

By Dietrich Knauth, Blake Brittain NEW YORK (Reuters) -Five American small businesses asked a U.S. court on Tuesday to halt President Donald Trump's "Liberation Day" tariffs, arguing that he overstepped his powers by declaring a national emergency to impose across-the-board taxes on imports from nations that sell more to the United States than they buy.

Hong Kong's benchmark Hang Seng Index closed 3% higher after both the U.S. and China chose to de-escalate a budding trade war.

President Donald Trump lifted sanctions on Syria Tuesday and dangled a similar enticement to Iran during a speech in Saudi Arabia, offering himself up as a historic peacemaker and outlining a transactional vision for future cooperation in the Middle East based on “commerce,

In a forceful address, President Trump warned Iran to abandon its nuclear ambitions or face consequences. (Credit: Saudi Arabia Host TV)

President Trump, who will also go to Qatar and the United Arab Emirates, has told advisers that he wants to sign deals worth more than $1 trillion on the trip.

President Donald Trump is heading to Saudi Arabia, the first leg of his three-nation visit to the Middle East this week meant to tackle multiple crises and conflicts across the region

President Donald Trump issued an order he says will bring down Americans' prescription drug prices. The order will likely have little effect,

President Donald Trump signed an executive order on drug prices Monday before departing the White House for a four-day trip to Saudi Arabia, Qatar and the United Arab Emirates. Trump’s order includes pressuring foreign governments to pay more to pharmaceutical companies for their medications and expecting those companies to voluntarily lower their prices in the United States.

U.S. President Donald Trump signed an executive order on Monday to reduce drug prices in the United States by between 30% and 80% with the aim of equalizing global prices.