President Donald Trump unveiled sweeping reciprocal tariffs on what he deemed “Liberation Day” earlier this week. The tariffs and threat of a global trade war sent Wall Street spiraling, and some are saying it’s Smoot-Hawley all over again.

U.S. stocks continued their plunge in early trading on Friday, just hours after China announced retaliatory tariffs in response to President Donald Trump's "Liberation Day" levies. The Dow Jones Industrial Average plummeted 1,

Trump said a 25% tariff on imported passenger vehicles, light trucks and some auto parts is set to go into effect on Wednesday, April 2 and will begin to be collected on Thursday, April 3.

April 2, 2025: Trump's Tariff' Liberation Day": Trump announces sweeping tariffs on almost all countries at half the rate the administration claims they charge the U.S. Some Senate Republicans join Democrats in a vote to invalidate Trump's tariffs on Canada.

Economists told Newsweek it could take years or decades for Americans to know if Trump's tariffs achieved their goals—if they ever do.

And ahead of this weekend’s “Meet the Press,” Kristen Welker goes through the three key questions Trump and his administration face on the tariffs. Plus, we answer a reader question about Elon Musk’s role in government.

President Donald Trump has made seismic shifts to U.S. trade that could have long-term effects on the economy and your pocketbook.

President Trump said it could be years before manufacturing returns to the U.S. as a result of his tariff policy.