The calculations used by the White House don’t include a detailed assessment of each foreign country's trade practices.
For a policy Trump championed for months on the campaign trail and vowed to implement quickly as the centerpiece of his economic agenda, the messiness of the rollout was inescapab
Steep new tariffs triggered a stock market sell-off Thursday, upping pressure on Republican lawmakers, some of whom are worried about the political fallout.
Secretary of State Marco Rubio is in the heart of the European drama after Trump's tariff announcement, on travel to NATO headquarters in Brussels for a ministerial meeting of the alliance.
Aides struggled to satisfy the president’s competing priorities before settling on a plan to both raise revenue and boost corporate onshoring.
Emerging economies worldwide are bracing for sliding currencies and a possible deterioration of their sovereign credit after U.S. President Donald Trump's tariffs brought levies on U.S. imports to their highest levels in 100 years.
Explore more
Analysts said tariffs would send prescription drug prices higher. Generic drugs and ingredients that are largely made overseas are most vulnerable.
President Donald Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers, will likely raise prices for U.S. consumers, and threatens to sharply slow the economy this year.
Trump Media stock fell 1.87% Thursday—less than the Dow, Nasdaq and S&P 500, which tumbled after Trump’s sweeping Liberation Day tariff announcement.