Tariffs represent the challenging first phase of this reset, but they are a necessary tool to rebalance global trade. Click to read.

President Trump's sweeping attempt to reorder the global economy went into effect early Wednesday, with historic tariffs on dozens of countries. Why it matters: Trump says it'll revitalize the U.S. economy and bringing about a fairer global order.

Wall Street began the stock trading day with a mixed bag hours after President Donald Trump‘s sweeping tariffs went into effect and China stood firm on retaliatory tariffs. The Dow Jones Industrial Average opened down more than 200 points Wednesday morning but then recovered by 300 points,