The tariffs announced by U.S. President Donald Trump will put a strain on the United States' exports as well, said German Chancellor Olaf Scholz on Thursday.

The International Monetary Fund, IMF, has expressed concern over the new tariffs imposed by the United States, warning of potential adverse effects on the global economy. On 2nd April—declared “Liberation Day” by President Donald Trump—he directed the imposition of a minimum baseline tariff of 10 per cent,

Anand Giridharadas, Douglas Brinkley and John Heilemann discuss how Trump's tariffs could cause lasting economic harm and could adversely impact his base.

President Donald Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers, will likely raise prices for U.S. consumers, and threatens to sharply slow the econom

Trump’s tariffs are an economic emergency. If implemented, the US’s average tariff rate would be higher than under Smoot-Hawley. They would constitute the largest tax increase since the 1968 levies to fund the Vietnam war.

Speaking in the Rose Garden of the White House, the president announced new “reciprocal” tariffs on almost all America’s trading partners. There will be levies of 34% on China, 27% on India, 24% on Japan and 20% on the European Union.