President Trump said Friday that tariffs on imported steel and aluminum would increase to 50% from 25%, effective Wednesday.

The legal confusion over tariffs has buffeted U.S. trading partners around the world, casting doubt on the durability of Trump’s favorite bargaining tool.

In terms of the overall impact on Donald Trump's tariff agenda, the consultancy Capital Economics estimates the court ruling would reduce the US's average external tariff this year from 15% to 6.5%. This would still be a considerable increase on the 2.5% level of 2024 and would be the highest since 1970.

A federal court has dealt a setback to President Donald Trump's campaign of imposing tariffs on trading partners, but the trade wars are far from over, administration officials and trade experts said Thursday.

President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation.

Auto experts aren't worried about big auto parts suppliers surviving tariffs. but small ones in MIchigan may not make it. Why some are trying.

Experts, lawmakers, and industry people—alongside Canadian officials—have issued stark warnings about Trump's plan.

For some small businesses, the last week brought even more twists and turns to the past two months of President Donald Trump’s chaotic tariffs.

Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.

Best Buy cuts 2025 guidance due to impact of Trump administration tariffs originally appeared on Bring Me The News. Best Buy cut its sales and profit guidance for 2025 due to the ongoing uncertainty caused by the trade war sparked by President Donald Trump.

US stocks open lower after Trump accuses China of violating an earlier trade deal. Investors shrug off cooler inflation data.