New import taxes imposed or potentially in the offing from the Trump administration could raise the average effective tariff rate on goods coming into the U.S. from the current 2.2% to around 17%, while posing "widespread disruptions" focused on manufacturing industries in Midwestern and Southern states,

Futures tied to Canada's main stock index tumbled on Thursday, as U.S. President Donald Trump's reciprocal tariffs against its trading partners amplified fears of global recession. The futures on the S&P/TSX index were down 3% at 6:40 a.

Ian Dunt, a columnist for the British publication iNews, found himself shocked and aghast at the economic self-destruction that President Donald Trump is leveling on his own economy. In his latest piece,

Trump increased the blanket tariff on Chinese imports to 54 percent and imposed new duties on major trading partners including Japan, South Korea and Taiwan.

Oil prices fell to negative territory after rising by a dollar in post-settlement trade on Wednesday as U.S. President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.

Bitcoin fell late Wednesday after President Donald Trump’s latest tariff announcement roiled markets. The leading cryptocurrency recently changed hands a bit above $83,000, dropping from near $88,000 just before Trump unveiled the trade policies late this afternoon.

Mortgage rates could be set to fall in the aftermath of Donald Trump's trade tarriffs after sonia swap rates fell following the announcement.

Airlines shares fell in after-market trading as Trump laid out his tariff strategy, reversing Wednesday's earlier gains. Investors have been on edge about travel demand, fearing that economic uncertainty and expanded tariffs could cause companies to cut back on business trips.

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