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’s “Liberation Day” tariffs plunged the stock market into the red Thursday, marking its worst day since the COVID-19 pandemic began in 2020. The Dow Jones Industrial Average fell nearly 4%,

Donald Trump holds up a chart of his new tariff plan at the White House on April 2 The effects of Donald Trump's "Liberation Day" tariffs are drawing concern among the millions of United States citizens who have retirement plans tied up in the stock market.

President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars

Britain said it believed a trade deal with the United States was close as it sought to soften the impact of U.S. President Donald Trump's sweeping tariffs which threaten an escalating global trade war that would hurt its open economy.

The figure includes the impact of the 10% universal tariff announced Wednesday, plus much higher tariffs on about 60 countries, as well as previous import taxes on steel, aluminum, and cars. Inflation could top 4% this year,

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.

Yet the calls for making a deal from the EU, the U.K. and Japan indicated a lack of appetite for escalating trade tensions with the world's biggest economy and fear that slapping tariffs on U.S. goods will only make things worse.

Donald Trump's sweeping tariffs have shaken global trade, but disruption often creates opportunity. Starting 9 April, Indian goods will face tariffs of up to 27% (Trump's tariff chart lists India's rate as 26%,