Few details of the announcement were known prior, creating anxiety among the business community and global leaders.
Four Senate Republicans join Democrats to pass a resolution that would end President Trump's national emergency on the northern border.
WASHINGTON (Reuters) - U.S. President Donald Trump smashed a more than 75-year-old global trading system with a new baseline 10% U.S. tariff on goods from all countries and higher reciprocal tariff rates for countries that his administration says have high barriers to U.S. imports.
The tariff threats continue, but New York state's energy system may be somewhat insulated from them because it invested heavily in clean energy. Here's why & insights.
Just hours after Trump announced his plan for import taxes on a slew of international trading partners — his so-called “Liberation Day” — the Senate was expected to vote on a resolution that offers Republicans an off-ramp to the import taxes on Canada.
Trump said in a social media post that the U.S. is "making progress to end this terrible Fentanyl Crisis" that he claims is coming from Canada, and said that "Republicans in the Senate MUST vote to keep the National Emergency in place, so we can finish the job, and end the scourge."
The Senate passed a measure seeking to end the emergency declaration Trump used to justify tariffs on Canada linked to fentanyl, but the resolution will likely remain symbolic.
Trade tensions often strengthen the dollar, which is good news for American tourists but potentially devastating for U.S. exporters trying to compete in global markets.
Trump signs orders imposing 10% minimum tariff, broader reciprocal tariffs—but exemptions for pharma
President Donald Trump made good on his threat of announcing new and steeper tariffs during a Wednesday afternoon White House event, setting the stage for higher prices and supply chain uncertainty | Set to go into effect at midnight,