President Donald Trump said he will increase the global 10% tariff he announced one day ago to 15%, in reaction to the US Supreme Court’s ruling that his mechanism for applying tariffs was illegal.

Global coffee prices fell sharply on Friday after U.S. President Donald Trump lifted 40% tariffs on Brazilian agricultural imports, including coffee and cocoa, amid mounting pressure from American consumers over high food costs.

US and EU agreed to cap tariffs on most EU goods at 15%, averting a threatened 30% hike. Steel and aluminium tariffs remain at 50% but only above quotas. Zero tariffs apply to aerospace parts, certain chemicals, and raw materials. The EU will increase purchases of US energy and military equipment.

Global stocks saw mostly positive movement on Tuesday following US President Donald Trump’s decision to delay the imposition of "reciprocal" tariffs.

Stocks and the dollar saw a boost on Monday following news that the United States and China had reached an agreement to pause tariffs for 90 days, with reciprocal duties set to drop significantly.

Global shares soared and a chaotic bond selloff stabilized on Thursday following U.S. President Donald Trump's announcement to temporarily reduce the heavy tariffs he had recently imposed on several countries.

U.S. stocks took another hit on Tuesday as the Trump administration confirmed that 104% tariffs on imports from China would be implemented shortly after midnight.

Major stock indexes in Asia tumbled on Monday as U.S. President Donald Trump remained steadfast in his pursuit of sweeping tariff plans, intensifying concerns over a potential global recession.