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They could not have imagined a president would use emergency authority to bypass Congress and impose tariffs on the entire world.”

First, here's a quick summary of the tariff situation. Trump proclaimed April 2 "Liberation Day," suggesting that his tariff announcements represented economic freedom for the U.S. In early March, Trump initially spoke of tariffs on imports from Canada, China, and Mexico, then said he would announce the complete plan a month later.

The S&P 500 began the week with three straight daily gains, but then 'Liberation Day' led the index to its two worst days since March 2020.

Whatever the reasons that led Trump to rock the globe with his “Liberation Day” tariff regime, the immediate result has b

For decades, the U.S. was at the center of the rules-based trading system, thanks to the WTO and its massive consumer market. No longer.

“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump threatened on Truth Social Monday morning.

The US president says he will introduce the additional tax unless Beijing withdraws its own 34% counter-tariff on American goods.

President Donald Trump announced an additional 50% tariff on goods imported from China, which could potentially double the price of Chinese imports. Trump's additional tariffs followed China's announcement that it was matching the "reciprocal tariff" Trump announced last week amid the new sweeping tariffs on US imports.