For decades, the U.S. was at the center of the rules-based trading system, thanks to the WTO and its massive consumer market. No longer.

Mr. Trump insists that these actions are his way of standing up for farmers and ranchers. Other nations such as Japan, China and India have charged higher tariffs than the U.S. for importing American farm goods.

President Donald Trump has routinely declared tariffs as one of the most beautiful words in the dictionary and has regularly accused foreign countries of ripping off the U.S.

President Trump just unveiled sweeping tariffs that will reverberate through the US economy, sending inflation higher and weakening economic growth.

Democratic California Gov. Gavin Newsom said Friday he’s seeking direct trade agreements with foreign governments to spare his state from

Analysts at Wedbush Securities and Goldman Sachs as well as top economist Larry Summers predicted much economic pain ahead.

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.

In a YouGov poll conducted shortly after Trump’s “Liberation Day” announcement, 51% of respondents said they either strongly (40%) or somewhat (11%) disapproved of the new tariffs. In contrast, about one-third of respondents, 34%, said they either strongly (15%) or somewhat (19%) approve of the new policy.