The White House press secretary declined to answer when asked if the move had strained the relationship between the president and Amazon founder Jeff Bezos.

President Donald Trump is expected to ease the impact of his recently imposed auto tariffs, according to an exclusive report in the Wall Street Journal. Under the new strategy, automakers paying the 25% tariff on foreign-made cars – which took effect earlier this month – will not be subject to additional duties,

The drop-off in bookings could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.

Trump's erratic, and often confusing, rollout of tariffs has led to unprecedented market volatility and serious damage to investor trust in U.S. assets.