But Trump's new steel, aluminum and reciprocal tariffs will boost inflation. Big tariffs on Canada, Mexico, Europe, Japan and others will weaken those economies, encourage retaliation against the U.S.

Which nation ultimately bears the cost of a tariff depends on what that country makes and its pull in the global market.

Consider the various Trump “tariffs” leveled by an exasperated, and now $36 trillion-indebted, America. Almost none of them meet the traditional definitions of an industry-protecting tariff.

Expect the administration to move to more aggressive measures than the current 10% China tariffs, even if they harm consumers ...

The leader of the Houthi rebels in Yemen warned Tuesday that they are ready to mount an attack on Israel if the war in Gaza ...

Follow all the latest U.S. market action for Tuesday here as investors get ready for testimony from Fed Chair Jerome Powell, ...

LOUISVILLE, Ky. (AP) — Like a watered-down drink, domestic sales for American whiskeys were unsatisfying in 2024, as ...

The EU is preparing to retaliate against Trump’s 25% steel tariffs with targeted countermeasures on American exports.

President Donald Trump hosted Jordan’s King Abdullah II at the White House on Tuesday as he escalates pressure on the Arab nation to take in refugees from Gaza — perhaps permanently — as part of ...

Canada, Mexico and European countries criticized President Trump’s levies on steel and aluminum with fears that they could ignite a global trade war.

Donald Trump signed two executive orders on Monday imposing 25 percent tariffs on steel and aluminum imports, regardless of ...