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Economists say consumers foot the bill from these kind of trade actions and stress the far-reaching impacts that U.S. President Donald Trump's latest tariffs will have on goods sourced from around the world.

Trump announced a minimum tariff of 10% on global imports and much higher taxes on products from China, the European Union and even smaller countries like Vietnam, slapped with tariffs of 49%.

Not even a better-than-expected report on the U.S. job market was enough to stop the slide.

U.S. employers added a surprising number of jobs last month, showing that the American labor market was in solid shape as President Donald Trump embarked on a risky trade war with the rest of the world.

As world markets wallowed in heavy losses Friday, Taiwan's president promised to provide support to industries most vulnerable to the 32% tariffs Trump ordered in his "Liberation Day" reciprocal tariffs announcement.

Legislation pushed by Iowa Republican Sen. Chuck Grassley and Washington Democratic Sen. Maria Cantwell would require presidents to justify new tariffs and secure congressional approval within 60 days, otherwise they would expire.

President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods. What he's actually imposing is based on far more complicated math.

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad -- all while on-again, off-again new levies continue to escalate uncertainty.

Economists don't share President Donald Trump's enthusiasm for tariffs since they're a tax on importers that usually get passed on to consumers. It's possible, however, that the reciprocal tariffs could bring other countries to the table and get them ...

The Trump administration's sweeping tariffs have touched rocky outcrops home to polar bears in the Arctic, tiny tropical islands and a former British penal colony whose leader is befuddled that it was targeted.