They could not have imagined a president would use emergency authority to bypass Congress and impose tariffs on the entire world.”

U.S. Senate Majority Leader John Thune indicated on Monday that his chamber is unlikely to impede the implementation of President Donald Trump's global tariffs. "I expected some turbulence in the stock market,

Stock market indices have sharply fallen on the heels of President Trump imposing higher tariffs on more than 180 countries.

Trump has insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing. He's singled out China as “the biggest abuser of them all” and criticized Beijing for increasing its own tariffs in retaliation.

President Donald Trump says he's considering additional tariffs on China. The Republican president's threat came Monday after Beijing retaliated against his announcement of tariffs last week.

The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.