The president's unveiling of sweeping tariffs has fundamentally shifted the nature of global trade diplomacy toward transactionalism.

For decades, global commerce abided by tariff rates agreed to by the U.S. and 122 other countries during the 1980s and 1990s. On Wednesday, Trump detonated that arrangement, saying that other countries had exploited the system and “ripped off’’ the United States for years, causing its once-mighty manufacturing base to shrink.

Wall Street notched its worst day since the depths of the pandemic in 2020 as investors bet against the sweeping new trade barriers. Indexes overseas suffered deep sell-offs, too.

Residents of South Jersey and the rest of the U.S. may soon pay more for coffee, clothing and more under new tariffs announced this week by Trump.

President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.

Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.

Tariffs could increase iPhone prices by up to 43% - Rosenblatt Securities Samsung may gain advantage due to lower tariffs on South Korea Apple shares closed down 9.3% on Thursday April 3 (Reuters) - Your favorite iPhone could soon become much pricier,

EU chief Ursula von der Leyen says US tariffs will see "uncertainty spiral" as world leaders react to Trump's announcement.

World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.