President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."
President Donald Trump said countries, whether staunch allies or adversaries, would be subject to at least a 10% tariff.
Here's how Trump's latest tariffs could impact mortgage rates and homebuilding costs in a market that's already fraught with affordability woes.
Trump has repeatedly called April 2 "Liberation Day." He is expected to enact reciprocal tariffs on major trading partners, especially those that contribute the most to the $1.2 trillion U.S. trade deficit.
Some countries are promising swift countermeasures; others are asking for an opportunity to negotiate with the U.S. to avoid trade war.
The president wants to rebalance America’s relationship with the rest of the world. Experts warn of price hikes and a possible recession.
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But at the heart of the decision-making is Trump himself — who has agitated for tough tariffs for more than 40 years.
We're told that "Liberation Day" tariffs on imports from around the world will raise $6 trillion in federal revenue over the next decade, plus another
President Donald Trump announced his gargantuan "Liberation Day" tariffs. They impose 10% tariffs on imports from almost every nation in