The world is watching as President Donald Trump's latest deadline for tariffs on imported goods looms. He pushed back the date when levies kick in on U.S. trading partners from Aug. 1 to Aug. 7 and countries are trying to make deals before then.

That leverage came from the singular importance of the US market to the global economy. Trump’s personal belief in the utility of tariffs – and willingness to let them go into place and then, if necessary, escalate to shut down any retaliatory efforts – only served to enhance that reality.

President Donald Trump’s relentless use of tariffs to coerce foreign counterparts into favorable deals is about to run headlong into the limits of geopolitical reality.

Pro-trade groups won’t take President Donald Trump's love for tariffs at face value, as they gear up for another round of outreach aimed at securing relief.

Trump’s trade deals aren’t just about tariffs. As dozens of countries race to reach trade deals with the U.S. ahead of a Thursday deadline, President Trump has embraced a stra