US tensions with two key trade partners amped up on Monday after President Trump doubled tariffs on steel and aluminum and the US pushed countries for deals ahead of looming deadlines. China responded to Trump's claim on Friday that it has "totally violated its agreement" with the US,

The White House's efforts to foster an agreement between Russia and Ukraine are also expected to continue this week, with a direct meeting expected on Monday in Turkey.

Mary Barra said at the Wall Street Journal’s Future of Everything conference in New York City she learned lessons from previous talks with Trump.

European manufacturing took another step towards stabilisation in May but U.S. activity contracted for a third straight month and Asian factory activity shrank as soft demand in China and U.S. tariffs took a heavy toll,

North Macedonia has announced plans to abolish all import taxes on the United States in the hope of reaching a reciprocal zero-tariff deal with the Trump administration

Ultimately, those who respond with flexibility and foresight—whether businesses or consumers—will be best positioned to handle the pressures of a tariff-driven economy.

U.S. manufacturing activity sank a little deeper into contraction in May, reflecting persistent worries over the impact of the Trump administration’s whipsawing trade policy. Meanwhile, new export orders were at their lowest reading since 2009,

Gavekal Founding Partner and Head of Research Arthur Kroeber notes, “The overall objectives of the trade aggression...are as muddled as ever.