For decades, global commerce abided by tariff rates agreed to by the U.S. and 122 other countries during the 1980s and 1990s. On Wednesday, Trump detonated that arrangement, saying that other countries had exploited the system and “ripped off’’ the United States for years, causing its once-mighty manufacturing base to shrink.

Shock waves tore through markets in the United States, Europe and Asia after Trump's tariff bombshell, as foreign leaders signalled readiness to negotiate but also threatened counter-tariffs.

U.S. financial markets responded with significant losses after President Donald Trump unveiled his tariff plans.

Former President Donald Trump unveiled sweeping new tariffs as he continues to move ahead with his domestic and foreign policy agenda. Follow here for the latest live news updates.

President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.

President Donald Trump’s massive tariffs announced on dozens of nations Wednesday were pitched as “reciprocal,” matching what other countries charge the United States dollar for dollar, even taking into account non-tariff barriers like value-added taxes and other such measures.

World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.

That chart started a trade war against the rest of the world. The levies will total 10, 20 and even 50 percent, depending on the country. “Many people had been expecting the president to announce high tariffs today,

We’re bringing you an afternoon Inside Congress update because we just got our hands on what the White House is telling rattled Capitol Hill Republicans about President Donald Trump ‘s latest wave of tariffs.

President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods

Trump announced on Wednesday that his administration will be imposing reciprocal tariffs on dozens of countries. Here's when they go into effect

After weeks of anticipation and speculation, President Donald Trump followed through on his tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher

John Kennedy compared President Trump’s new tariffs to whiskey during a Fox News interview on Thursday. He said we won’t know for a few months if the tariffs will work. Photo: Kayla Bartkowski/ WASHINGTON—Senate Republicans grew jittery about President Trump’s wide-ranging tariffs,

President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars

Speaking in the Rose Garden of the White House, the president announced new “reciprocal” tariffs on almost all America’s trading partners. There will be levies of 34% on China, 27% on India, 24% on Japan and 20% on the European Union.