Officials in the European Union, China and North American neighbor Canada say they're preparing countermeasures in response to President Trump's announcement of sweeping tariffs on U.S. imports. Why it matters: A global trade war is heating up following Trump's announcement of a baseline 10% tariff on U.

President Trump added onto an already complex tariff picture. Here is how Wednesday's new levies will affect countries differently: China China is essentially in its own bucket. Trump, since beginning his second term,

In a background call before Trump's speech, a senior White House official told reporters that the president would impose a "baseline" tariff on all imports to the US. That rate is set at 10% and will go into effect on 5 April.

U.S. President Donald Trump further escalated a trade war on Wednesday by announcing he would impose reciprocal tariffs to match duties put on U.S. goods by other countries.

President Trump is cracking down on a popular tariff exemption for goods from China that allowed small shipments to avoid duties and customs inspections. Trump on Wednesday signed an executive order eliminating the so-called de minimis provision for low-value parcels from China,

Canadian prime minister Mark Carney on Wednesday vowed to counter tariffs imposed by the Trump administration. Speaking shortly after President Donald Trump announced far-reaching new tariffs on nearly all U.

US President Donald Trump just announced steep tariffs on the country’s major trading partners. Here’s what to know. ‘Reciprocal tariffs’: The US will impose so-called reciprocal tariffs on China of 34 per cent and hit the EU with a levy of 20 per cent.

Increased tariffs raise prices in the country that imposes them, and reduces economic activity in the country they target.

Investors braced themselves for Donald Trump to unveil sweeping tariffs on US trading partners on Wednesday in a move that threatens to ignite a full-blown trade war. Trading on W