President Donald Trump imposed tariffs of 20% on the European Union as part of his “Liberation Day” tariff policy.

Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday, announcing a 34% tariff on American goods as other foreign leaders weigh their response. Meanwhile, Trump's universal 10% levy against all countries went into effect early Saturday.

President Trump placed a 25% tariff on imported cars. How can buyers determine if the vehicle they want comes with a big or small tariff?

Trump promised tariffs that would mirror what other nations assess. In fact, the calculation is quite different.

A growing number of conservatives are challenging President Donald Trump’s wide-reaching tariffs on allies and adversaries alike, with some questioning whether he has the authority to implement them.

The firm’s economists warned clients in a research note on Thursday that the risk of a global recession has gone up to 60 percent, assuming Trump’s new trade policies are sustained. In their analysis, the new tariffs will likely amount to “the largest tax hike since WWII” for Americans.

Tariffs would drive up costs of key aerospace parts, making it more expensive for Boeing and even foreign companies with U.S. factories to produce planes. The tariffs are set to hit an aerospace supply chain still in recovery from the Covid-19 pandemic.

President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.

Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month as it considers how to mitigate the cost of Trump's 25 per cent tariff.

President Trump imposed a 25% tariff on most imports from Mexico and Canada on Tuesday, creating uncertainty in U.S. as well as global markets and spurring concerns over the price of goods.