Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday slammed President Trump’s sweeping new tariffs, calling them a “huge tax” on the average American family. “This is a huge tax on American

President Donald Trump’s sweeping tariffs will be a “dagger to the heart of upstate New York,” according to Sen. Charles E. Schumer, driving up costs and leaving thousands of jobs at risk.

Donald Trump launched a new assault on the global trading order on Wednesday, imposing a barrage of new tariffs including on all US imports in a move that sent Wall Street stock futures tumbling. The president said a levy of 10 per cent would apply to nearly all US imports from April 5 as he also revealed additional so-called reciprocal duties,

The new tariffs announced Wednesday by U.S. President Donald Trump were met initially with measured reactions from key trading partners, highlighting the lack of appetite for a full-fledged trade war.

Based on the possibility of broad 20% tariffs that have been floated by some White House aides, most analyses see an economy tarnished by higher prices and stagnation. U.S. econom

US President Donald Trump is set to unveil a new round of sweeping tariffs on Wednesday, his so-called "Liberation Day," framing the move as a push for fairer trade. Trump is promising new "reciprocal tariffs" to punish other countries for their tariffs and trade barriers.

Countries will struggle to figure out how Trump’s officials calculated each specific rate, which he said was based on a mix of tariffs, subsidies and currency manipulation. A few, such as Brazil and the UK,

The US president is preparing to unveil a raft of new tariffs on Wednesday - which he has dubbed "Liberation Day".