"The best estimate of the loss from tariff policy is now closer to $30 trillion."Summers added that the tariffs were the most expensive and "masochistic" the US had imposed in decades.Mohamed El-Erian"The price action in global financial markets in the immediate aftermath of the US tariff announcement points to major worries about global economic growth,

Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

President Donald Trump announced sweeping tariffs on most nations Wednesday, which his administration says will free the United States from relying on other countries for trade. The president has framed these tariffs as “reciprocal” to match trade barriers that other countries impose on products from the U.

Updates and the latest news as Democrat wins Wisconsin Supreme Court race, Republicans win House seats in Florida and Trump announces sweeping tariffs on imports.

Trump announced sweeping global tariffs. President Trump unveiled yesterday his most expansive tariffs to date, hitting all of the U.S. trading partners except Canada and Mexico w

The move was an apparent bid to ensure that Israel is exempt from new tariffs that President Trump plans to announce on Wednesday.

Investors’ shock at the size of the levies sent markets in Asia sharply lower. Experts warned that the global economy could be upended.

U.S. stocks whipped through another dizzying day on Wednesday in the final hours before U.S. President Donald Trump unveiled the tariffs promised as part of his "Liberation Day," which could drastically alter the global economy.

President Donald Trump is stepping up his massive global trade war, a move that’s certain to weigh on Americans’ wallets and could push the US economy into a painful recession.