Mr. Trump has said the two new tariffs he unveiled yesterday — a 10% universal duty on all U.S. imports and so-called reciprocal tariffs applied to imports from 90 nations — will revitalize American manufacturing, create jobs and generate federal revenue.

President Donald Trump's harsher-than-expected global tariffs sent economists scrambling to revise their economic estimates. They project the U.S. economy faces higher inflation, slower growth, and greater recession risks.

Experts discuss how the president's global tariffs will affect the Sunshine State, which has been a solidly red bastion.

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

The Senate passed a resolution late Wednesday that would thwart President Donald Trump's ability to impose tariffs on Canada, delivering him a rare rebuke just hours after the president unveiled plans to clamp down on international trade.

President Trump reset U.S. trade policy Wednesday by announcing a 10-percent general tariff on all imports to the U.S. with the exception of Canada and Mexico, along with targeted tariffs on