Mr. Trump insists that these actions are his way of standing up for farmers and ranchers. Other nations such as Japan, China and India have charged higher tariffs than the U.S. for importing American farm goods.

All U.S. imports face a baseline 10% tariff, effective Saturday. + Higher rates will apply to partners judged "bad actors" on trade. For example, Japan faces a 24% duty and the European Union faces a 20% levy,

Trump’s tariffs are a non-strategic, “broadly inflationary” tantrum backed by clearly contradictory rationales, according to trade expert Todd Tucker.

The BBC's Henry Zeffman and Anthony Zurcher explain the fallout from Donald Trump's global trade tariffs. On Wednesday, the US president announced taxes on goods coming into his country including 10% on all UK imports.

President Donald Trump's "Liberation Day" appeared set to end North American free trade and Mexico's privileged access to the U.S. Instead, Mexican officials are celebrating being left off Trump's global tariffs list,

He called it "Liberation Day," but President Donald Trump's Wednesday unveiling of reciprocal tariffs could cause political headwinds for his party and economic pain for his constituents if his promises to recast the economy do not work out.

President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war would push an already fragile world economy into recession.

US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish. These new import taxes, which Trump imposed via executive order,

The tariffs announced by U.S. President Donald Trump will put a strain on the United States' exports as well, said German Chancellor Olaf Scholz on Thursday.

Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to throw the US and the rest of the world into a recession.

Trump’s “Liberation Day” moves saw the introduction of a 10% tariff on all imported goods, and additional import taxes—of varying degrees—placed on 60 other countries.The U.S. and global markets have already started to feel the impact of Trump’s tariffs,

As markets plummeted around the world Thursday following President Donald Trump's announcement of wide-ranging global tariffs, Trump predicted the U.S. markets and the country itself "are going to boom" as a result of his trade policies.

President Trump on Wednesday announced major tariffs, including a 10% baseline tariff for all U.S. trading partners. CBS News reports on what Mr. Trump referred to as "Liberation Day."

Trump announced the steepest American tariffs in more than a century, with a 10% tariff on all exporters to the US and even higher duties on some 60 nations. China now faces a tariff well above 50% on many goods.

U.S. stocks whipped through another dizzying day of trading, but the mood on Wall Street turned sour after President Donald Trump unveiled sweeping new tariffs against nearly all

World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.

As the stock market recoiled from Pres. Donald Trump's announcement of reciprocal tariffs on what he called "Liberation Day," many average Americans feared for the cost of goods, their retirement savings,

The markets closed down around 4% after President Donald Trump’s announcement to slap reciprocal tariffs on global trading partners. The S&P 500 fell 4.8%, while the Nasdaq fell 6% — both their worst since 2020.