America’s largest trade partner is awaiting word on whether U.S. President Donald Trump will impose punishing tariffs on its goods.

The European Union expects to find out on Monday whether President Trump will impose more tariffs, in a move economists have warned would have repercussions on both sides of the Atlantic.

U.S. President Donald Trump's latest tariff delay provided some hope to major trade partners Japan, South Korea and the European Union that deals to ease duties could still be reached, while bewildering some smaller exporters such as South Africa and leaving companies with no clarity on the path forward.

President Donald Trump is increasingly expected to push back a deadline for the return of sweeping tariffs, and White House officials are offering conflicting accounts about a path forward. — The European Union is coming to terms with U.

President Donald Trump cranked up the pressure Monday on America’s trading partners, firing off letters to heads of several countries, informing them of their new tariff rate. But at the same time, Trump took some of the edge off by signing an executive action Monday to extend the date for all “reciprocal” tariffs,