The plan: Slap 10% tariffs on every U.S. trading partner starting Saturday, with individualized rates for 60 other countries that would begin in a week. Virtually overnight, the effective U.S. tariff rate was set to spring from 2.5% to well past 20%.

Two days after sending the global economy reeling by announcing tariffs on foreign imports, President Donald Trump insisted his trade policies will “NEVER CHANGE” as he remained ensconced in a bubble of wealth and power in Florida.

President Donald Trump’s trade war with the world has seen trillions of dollars in wealth tied to the global markets evaporate within days. While all investors are feeling the pressure, experts say the wealthiest Americans are seeing perhaps the biggest impact.

After China announced new retaliatory measures against the United States, President Trump responded that Beijing “PLAYED IT WRONG.”

The U.S. dollar sank against major peers on Thursday, dropping to six-month lows against the euro, and the safe haven yen and Swiss franc, as investors grappled with how U.S. President Donald Trump's far-reaching tariffs will impact global trade and economic growth.

Financial markets around the world are reeling following President Trump’s latest and most severe volley of tariffs, and the US stock market is taking the worst of it so far.

After a day of stock market shocks and global recriminations, there are reasons to question whether President Donald Trump fully grasps the consequences of the tariff barrage that he used to fire up a global trade war.

Continued worries about the disruption of President Trump’s trade policies and retaliation by major trading partners, overshadowed an unexpectedly strong report on the U.S. labor market.

S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff, their biggest one-day loss since the pandemic sent global markets into a tailspin on March 16, 2020.