President Donald Trump arrived in Scotland on Friday to visit both his Turnberry and Aberdeen golf properties.

A federal appeals court will soon hear oral arguments in a high-profile lawsuit challenging Trump's authority to impose sweeping "reciprocal" tariffs. The case is the furthest along of more than half a dozen federal cases targeting Trump's imposition of tariffs using an emergency-powers law known as IEEPA.

Analysts at Bank of America said that the Japan deal "looks like a reasonable blueprint" for other auto-exporting countries like South Korea.

A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.

The agreements have been overshadowed by U.S. firms' warnings that the tariffs will affect their bottom lines and prolong uncertainty in the economy.

The investment bank thinks a 9–0 ruling against Trump is likely. That doesn’t mean the tariffs will just go away.

Among the strongest performers, Thermo Fisher Scientific rose 12%, topping the leaderboard for large-cap stocks, followed by T-Mobile US, up 9%.

Canada's main stock index struggled for direction on Friday, after President Donald Trump said the United States may not reach a negotiated trade deal with Canada. At 9:32 a.m. ET (1332 GMT), Canada's benchmark S&P/TSX composite index was nearly flat at 27,