"The best estimate of the loss from tariff policy is now closer to $30 trillion."Summers added that the tariffs were the most expensive and "masochistic" the US had imposed in decades.Mohamed El-Erian"The price action in global financial markets in the immediate aftermath of the US tariff announcement points to major worries about global economic growth,

Global markets are tense as investors await President Donald Trump's much-anticipated "Liberation Day" tariff announcement.

On his big “Liberation Day,” President Donald Trump unveiled an expansive array of tariffs on nearly all U.S. trading partners from the White House Rose Garden. As promised, virtually no one was spared – not even the colonies of penguins on the otherwise uninhabited Heard and McDonald Islands near Antarctica.

Updates and the latest news as Democrat wins Wisconsin Supreme Court race, Republicans win House seats in Florida and Trump announces sweeping tariffs on imports.

Trump announced sweeping global tariffs. President Trump unveiled yesterday his most expansive tariffs to date, hitting all of the U.S. trading partners except Canada and Mexico w

The move was an apparent bid to ensure that Israel is exempt from new tariffs that President Trump plans to announce on Wednesday.

Investors’ shock at the size of the levies sent markets in Asia sharply lower. Experts warned that the global economy could be upended.

U.S. stocks whipped through another dizzying day on Wednesday in the final hours before U.S. President Donald Trump unveiled the tariffs promised as part of his "Liberation Day," which could drastically alter the global economy.

President Trump unveiled a sweeping plan to impose a minimum 10% tariff on all imports, with significantly higher rates for key U.S. trading partners. Trump has dubbed the move “Liberation Day” and claimed his expansive use on tariffs will cause factories to move production back to the U.