Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce and President Donald Trump's shorter deadline for Russia to end the Ukraine war.

The president struggles to shift the conversation away from Epstein as his supporters demand the release of files about the case.

Fox News senior White House correspondent Jacqui Heinrich and economist Steve Moore discuss President Donald Trump’s trade deal with the European Union and his relationship with Russian President Vladimir Putin on ‘The Faulkner Focus.

President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to iron out a US-EU trade deal. Without an agreement, the EU was due to get hit with a 30% tariff rate on Aug.

On Monday morning, Trump said the baseline tariff rate for the world will be “in the range of 15 to 20% ... probably one of those two numbers.” “We’re going to be setting a tariff for essentially the rest of the world,

Who pays for these tariffs? Most economists reckon that ordinary Americans will lose out, as prices in shops rise. Mr Trump and his coterie, by contrast, blithely insist that the rest of the world will shoulder the load by cutting their selling prices.

President Donald Trump announced he reached a trade deal with the European Union that is largely lopsided in the United States’ favor. Trump hosted the British prime minister at his Scotland golf course.