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Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930's Smoot-Hawley Tariff Act.

Should the president hold fast to his tougher-than-expected trade policy, there's a material risk of at least near-term costs.

The surge in March was exceeded only by when the country shut down in 2020 for the Covid pandemic,

U.S. President Donald Trump could change his trade policies if he comes under pressure from trading partners, German economy minister Robert Habeck suggested.

The White House Wednesday listed tariff rates for different countries. It didn't take long for market observers to try and reverse engineer the formula.

Analysts generally had a pessimistic take on the announcement, with some even predicting an increased risk of a recession for the U.S.

EU preparing further countermeasures against U.S. tariffs if negotiations fail: EC President von der Leyen

Payroll gains were stronger than expected in March, countering fears that the labor market and economy are slowing.

As the U.S. president weighs increasing tariffs on imports, economists find that prices across many categories could rise as a result.

President Donald Trump is set Wednesday to begin the biggest gamble of his nascent second term.