President Trump has played down the shock impact of his tariff shift on markets, which kept spiraling downward on Friday as fears for the global economy grew.
US trading partners have vowed to retaliate after Trump ended months of suspense on Wednesday by revealing broad reciprocal duties on all countries, in what he has referred to as "Liberation Day." On Friday, China announced it will impose countermeasures against the US starting April 10, including a 34% tariff on US goods.
Trump's administration is imposing a baseline tariff of 10% across all countries beginning at 12:01 a.m. on Saturday. The US is upping those duties for various partners whom he described as bad actors starting next Wednesday, April 9.
Trump vowed to "never change" his policies on Friday, even as he touted progress with Vietnam, a country set to see one of the biggest US tariff hits.
United Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026,...
Nearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes...
