President Trump announced a baseline 10% tariff on U.S. imports, with steeper reciprocal levies on goods from a slew of other nations, including Europe, Japan and China. Why it matters: Trump's announcement ends the free-trade era that has defined global commerce for decades — a move that risks higher consumer prices and economic damage.

Trump’s post on his social media site asserts that it would be possible to tax illegal drugs sold in the U.S. which would be impossible since such transactions do not take place using