President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what others assess as trade penalties on American goods.

The White House said Trump's first term proved that tariffs are an "effective tool" for achieving economic and strategic objectives. The new wave of tariffs has faced criticism that it could spark an international trade war, negatively impact the global economy, and increase average costs for American consumers.

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.

Republican U.S. Senator Chuck Grassley introduced a bill on Thursday that would require congressional approval for new tariffs, the day after President Donald Trump unveiled sweeping new taxes on a vast array of imported goods.

President Donald Trump has announced new import taxes on all goods entering the US, in the biggest upheaval of the international trade order since the aftermath of World War Two. His plan sets a baseline tariff of 10% on all imports,

He called it "Liberation Day," but President Donald Trump's Wednesday unveiling of reciprocal tariffs could cause political headwinds for his party and economic pain for his constituents if his promises to recast the economy do not work out.

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.

Trump’s onslaught of tariffs heralds a new industrial policy era in the U.S. where the government will intervene more in free markets, challenging bank earnings.

US President Donald Trump has announced universal tariffs on all imports into the US will take place from 5 April. A tariff is a type of tax put on imports or exports to or from a country. Some countries like the UK,