Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.

Trump was fulfilling a key campaign promise as he imposed what he called “reciprocal” tariffs on trade partners, acting without Congress under the 1977 International Emergency

Two high-ranking senators unveiled a bipartisan bill Thursday morning to restrict President Donald Trump’s ability to unilaterally impose tariffs without

The Senate passed a resolution late Wednesday that would thwart President Donald Trump's ability to impose tariffs on Canada, delivering him a rare rebuke just hours after the president unveiled plans to clamp down on international trade.

"The principal risk is around the economy," said Lanhee Chen, a fellow at the Hoover Institution and former adviser to Republican leaders Mitt Romney and Marco Rubio, referring to the tariffs. "One is an immediate risk on prices and what that means for a president who was elected in part to bring prices down,

President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war would push an already fragile world economy into recession.

The Senate passed a resolution to undo emergency declaration, but the measure has been blocked in the House.