Food and consumer business CEOs say tariffs on a wide range of countries will pressure thin margins in an economy where inflation is already elevated unlike the 2017-2018 trade war. "I am at a point with my business where I can finally put my foot on the gas but now I don't know if it's going to be feasible to keep the business going,

The UK’s foreign secretary David Lammy has said Britain is “preparing for the worst”, after Downing Street admitted Britain would be hit by Donald Trump’s looming tariffs.Global markets have been rocked as the Trump administration prepares to unleash its so-called “Liberation Day” tariffs this week,

And it’s happening, and it will happen rather quickly,” Trump said in a joint address to Congress early in March.Start the day smarter. Get all the news you need in your inbox each morning.

Europe has “a strong plan” for striking back at the United States in response to Donald Trump’s tariff hikes “if necessary,” a top official said Tuesday on the eve of a long-anticipated announcement of massive import levies by the US president.

The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import taxes on trading partners.

PC vendors say they thought the 25% tariff was on raw aluminum and steel, not finished products. Unfortunately, the policy also targets aluminum 'derivative' products.

Levies on steel and aluminum are reaching deeper in supply chains and spawning a hunt for domestic producers of some of manufacturing’s smallest components.

The president has circled April 2 as the culmination of his "American first" economic policy, which has already shaken markets and started a trade war.