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Trump is imposing ruinous tariffs because American democracy is no longer strong enough to stop him.
Sweeping tariffs announced by President Trump hit a remote Australian territory with a 10% tariff, despite no people living there. Reuters footage from 2012 shows part of the territory, Heard Island, mostly covered by ice and home to penguins. Read more:
While Trump campaigned on a pledge to lower prices for struggling Americans, his tariffs are expected to increase the cost of everything from kids’ shoes to fresh produce.
The S&P 500 fell almost 5 percent on Thursday, its worst drop since June 2020, as allies and adversaries alike criticized President Trump’s action and weighed their responses.
He’s turning basic groceries into luxury items.
Few Republicans are eager to defend the president's tariffs, putting the party on the back foot for the first time in Trump’s new term.
Mark Carney, a former central banker, also called on ‘like minded nations’ to form a new trading order without the United States.
There’s nowhere to hide in the auto industry from President Donald Trump’s auto tariffs, according to former Ford CEO Mark Fields.
Most Republicans in Congress are free-traders at their core. So why are they letting the president run wild?
Economists say that President Trump's wide-ranging new tariffs raise the risk of a recession or stagflation.
Talking points sent to Capitol Hill tout how Trump is “revolutionizing global trade.”
The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.
Sweeping global "reciprocal" tariffs announced by President Donald Trump provoked dismay, threats of countermeasures and urgent calls for negotiations.
The administration revealed how they calculated the tariffs. Buried in that math is a straightforward answer to a question Trump has long refused to answer: How much will his tariffs raise prices?
President Trump announced far-reaching tariffs on most of the United States’ trading partners. So far-reaching, in fact, that they include a remote Antarctic island group inhabited mainly by penguins — and a Norwegian archipelago in the Arctic Ocean known for its polar bears.
The food hit hardest, if the tariffs take effect, is mostly not grown or harvested in the U.S.
Asian and European markets plummet after falls on Wall street, with Nadaq down 3.3% and US dollar at six-month low
Backlash to President Trump's tariffs cropped up throughout Capitol Hill on Thursday, as Democrats, and some Republicans, expressed concern about the sweeping levies on foreign imports.
The global tariffs Trump announced this week include remote territories like Heard and McDonald Islands in the Indian Ocean that don't actually have human populations. Here's what to know about them.
President Trump triumphantly held up a poster board on Wednesday showing the reciprocal tariffs he plans to impose. But just how the White House devised the formula to determine the tariffs has left several scratching their heads.
Trump promised the tariffs will bring about “the golden age of America,” but economists have warned a recession could happen.
Megacap U.S. tech companies including Apple and retail giants Walmart and Nike led a global market meltdown as President Donald Trump's sweeping new tariffs heightened fears of a spike in costs across a wide range of industries.
President Trump’s new tariffs are forcing small business lenders to ask tough new questions. Borrowers now must explain how tariffs could impact their cash flow.
From tariff policy to DOGE downsizing of government, Donald Trump’s second administration appears certain that mistakes or even a recession are OK if larger goals for the nation are being served.
The bell has sounded on Wall Street and trading is now officially under way in the US. In the first few moments of trading the Dow Jones has fallen 2.8%, the S&P 500 is 3.3% lower, and the Nasdaq - which is dominated by tech stocks - has dropped 4.4%.
Businesses around the globe faced up to a future of higher prices, trade turmoil and reduced access to the world's largest market after US President Trump confirmed their worst fears by instituting broad tariffs worldwide
The stock market cratered Thursday as fears of global economic slowdown driven by President Trump’s new tariffs spurred Wall Street’s worst day of losses since the outbreak of the COVID-19 pandemic.
One bipartisan proposal would give Congress more power to control trade policy.
Many things about the Trump administration's new global tariffs make little sense. Those tariffs are a huge tax increase on American consumers and
Threat Status: The world is a pretty scary place. We'll help you navigate the hazards at home -- and over the horizon.
The White House’s new tariffs were pegged to amounts it said other countries impose on the U.S. In many cases, those amounts appear to match a basic formula.
Just hours after President Donald Trump announced massive new tariffs on nearly all imports to the United States, a bipartisan group of senators made the
President Trump’s new tariffs aim to narrow the big trade deficits the U.S. runs with a host of countries.
In an interview with Fox News on Sunday, White House economic advisor Peter Navarro said the tariffs set to be announced this week would be one of the
The relatively prosaic world of import duties has become a surprise social-media hit, driving millions of views for some internet personalities and trade experts.
The president wants to use tariffs to both raise revenue and negotiate with other countries.
When traffic at a busy border crossing froze for a few days, it offered a glimpse into how businesses respond to new trade barriers.
President Donald Trump said Thursday that his tariff rollout is "going very well," adding that "our country is going to boom." Trump made the remarks to reporters amid a massive selloff of stocks on Thursday while leaving the White House. "The markets are going ...
As a share of the economy, President Trump’s executive order is likely the largest peacetime tax increase in U.S. history.
President Donald Trump has embraced tariffs as a way to help equalize the United States' trade imbalance. His detractors have cried foul and liken the circumstances and his policies to the downfall of the ancient city of Ur.
The new tariffs are economically illiterate, self-destructive, top-to-bottom nonsense.
Sen. John Kennedy, R-La., told Newsmax on Wednesday that no one truly knows what the impact of President Donald Trump's tariffs will be.
General Motors is moving to increase production of light-duty trucks at its Fort Wayne, Indiana, assembly plant, it said in a webcast sent to plant employees Thursday and viewed by Reuters.
Countries wishing the United States to lower President Donald Trump's tariffs against them must first agree to lower their own tariffs, Sen. James Lankford told Newsmax on Thursday.
Council of Economic Advisers Chair Stephen Miran said Thursday that he would advise leaders around the world to "take a breath and not retaliate" when it comes to President Donald Trump's tariffs...
A bipartisan Senate bill co-sponsored by Sen. Chuck Grassley, R-Iowa, would require congressional approval for all new tariffs, an effort to "reassert Congress' constitutional role," he said.
There is no chance Donald Trump will back off his tariffs, Commerce Secretary Howard Lutnick said Thursday after the U.S. president announced sweeping tariffs and stoked a global trade war.