White House press secretary Karoline Leavitt confirmed that President Trump’s tariffs, including the steep duties set for Chinese imports, will go into effect just after midnight. Leavitt said China’s retaliatory tariffs were a mistake,

The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.

The nation’s top trade representative says that President Donald Trump’s sweeping tariffs are already getting results, bringing other countries to the negotiating table to discuss reducing their trade

President Donald Trump’s top trade negotiator came under fire Tuesday from senators unnerved by the president's sweeping global tariffs, a market meltdown and the heightened risk of recession from an upended global trading order.

"Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down. May cooler heads prevail," the billionaire wrote on X. Ackman said the impact of tariffs will be particularly harsh for low-income Americans.

President Donald Trump’s US Trade Representative Jamieson Greer on Tuesday defended the administration’s expansive tariffs during a routine hearing before the Senate Finance Committee.

The Supreme Court on Monday lifted an order blocking President Donald Trump ’s administration from deporting Venezuelan migrants under the Alien Enemies Act, a rarely used 18th-century wartime law. In a bitterly divided 5-4 decision,

The nation's top trade representative said Tuesday that President Donald Trump’s sweeping tariffs are already getting results, bringing other countries to the negotiating table to discuss reducing their trade barriers.

The decision to apply tariffs on a country-by-country basis means that rules about where a product is deemed to come from are now of central importance. The stakes for getting it wrong could be high.