All but one of the 27 EU member countries voted to impose tariffs on specific U.S. products. The vote came before President Trump announced a 90-day pause on U.S. tariffs on goods from most countries.
The president announced he would raise tariffs on China to 125% "effective immediately" but said he was pausing big hikes on other U.S. trading partners to allow time for trade negotiations.
U.S. stocks surged on Wednesday after President Trump announced a 90-day pause on the higher tariffs he had imposed on most countries — except for China.
President Trump is boasting about the wheeling and dealing he's doing to cut deals on steep new tariffs. But for weeks, his aides have insisted that tariffs were not a bargaining chip.
Stocks retreated for yet another day after attempting a rebound earlier in the session. Trillions of dollars in investor wealth have been wiped out since last week.
American Giant sources and makes most of its products in the U.S. Its CEO says tariffs on China were overdue, but he worries the wide range will cause confusion about the global textile supply chain.
Trump said on Truth Social he would impose the new tariffs on China if Beijing did not retract a 34% retaliatory tariff on U.S. goods that it announced in response to Trump's initial salvo last Wednesday.
The Trump administration's tariffs are fueling concerns about a potential recession, with several major banks increasing their forecasts. What is recession and who declares one?
On April 7: Activists gathered across Georgia in "Hands Off" protests; it's Masters Week in Augusta; and Georgia shrimp farmers are praising Trump's tariffs
On the Monday, April 7 edition of Georgia Today: Activists gathered across Georgia as part of the nationwide "Hands Off" protests; It is Masters Week in Augusta; And Georgia shrimp farmers are praising President Trump's tariffs
It's Israeli Prime Minister Benjamin Netanyahu's second visit to the White House since President Trump took office this year, and comes as Israel's war against Hamas in Gaza hits the 18-month mark.
The so-called de minimis exemption allowed Chinese and Hong Kong retailers to ship millions of packages worth $800 or less directly to U.S. consumers. That loophole will close May 2.
A trip to the grocery or liquor store is about to become even more expensive, economists say. From seafood to olive oil, these items will likely cost more under President Trump's tariffs.
