It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.

As the trade wars launched by U.S. President Donald Trump continue to escalate, all eyes are on Wednesday. Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs,

From the daily newsletter: how turbulence in the bond market likely inspired the Administration’s change of course.

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised the tax rate on Chinese imports to 125%. It was seemingly an attempt to narrow what had been an unprecedented trade war between the U.

Trump’s ‘reciprocal’ tariffs on the EU and dozens of other countries have come into effect today. The EU is being hit with a 20% tariff on all goods - including products like cheese and wine. CNN’s Melissa Bell explains why EU imports to the US will now make products more expensive for consumers.

U.S. Federal Reserve policymakers were nearly unanimous at their meeting last month that the U.S. economy faced risks of simultaneously higher inflation and slower growth, with some policymakers noting that "difficult tradeoffs" could lie ahead for the central bank,

Major” tariffs on pharmaceutical imports are coming soon, President Donald Trump says, pledging that they’d help bring drug manufacturing back to the US while lamenting that other countries pay much lower prices for the same medicines.