President Trump has long viewed tariffs as a potent weapon for raising revenue, boosting manufacturing and making it easier for American companies to sell their goods abroad.

The sweeping tariff initiative will likely impact your cost of living, which we know from our surveys is something you're worried about.

Financial markets, which have shown increasing insensitivity to tariff threats from the US, will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug.

Trump is threatening to raise taxes on many goods from Canada, hike his universal tariff on imports from around the world and punish Brazil for prosecuting his friend, the country’s former president.