The much-anticipated tariffs announcement fuels a global trade war and comes amid warnings from around the world that retaliation would follow.

President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.

Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.

President Trump’s 34% reciprocal tariff on Chinese imports as part of his sweeping trade action will effectively increase the average U.S. tariffs on Chinese goods to more than 70% when levies that predate Trump’s second term are figured in.

U.S. drinkers will pay more for cocktails, champagne and foreign beers, brands will disappear from bar menus and jobs will be lost on both sides of the Atlantic as a result of U.S. President Donald Trump's reciprocal tariffs,

Trump said tariffs will force other countries to lower their own rates on U.S. goods and services. But other nations are planning to retaliate.

President Donald Trump will roll out a 46% tariff on imports from Vietnam and a 54% tariff on imports from China, bringing a potentially major price hike for many popular products.

The Big Money Show' co-host Brian Brenberg joins ‘Fox & Friends First’ to break down how President Donald Trump’s latest round of tariffs may impact the global economy.

Republican U.S. Senator Chuck Grassley introduced a bill on Thursday that would require congressional approval for new tariffs, the day after President Donald Trump unveiled sweeping new taxes on a vast array of imported goods.

In his speech, he listed the new tariffs to be imposed on a number of countries, including the country's biggest trading partners, and a more complete list was released later by the White House. No further tariffs were announced for Canada or Mexico.

Trump declared universal tariffs of 10% on imports from all countries and much higher levies on about 60 countries on Wednesday.

The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with US markets having their worst day since the impact of the Covid pandemic in 2020.

Almost unnoticed in the sweeping new import tariffs announced by U.S. President Donald Trump is that energy commodities have been excluded.

Morgan Stanley said on Thursday it expects the U.S Federal Reserve will not cut rates this year due to potential elevated inflation levels on the back of Trump's latest tariffs.