President Donald Trump’s sweeping tariff threats have been touch and go. As it stands currently, the 25 percent tax on goods from Mexico and Canada is on ice for a month, but a 10 percent tariff on Chinese goods is set to take effect on Tuesday, via an executive order of questionable legality.

Trump’s policies could enable progressive Democrats to win back control in Washington. President Trump’s trade war could harm America. The U.S. enjoys robust growth and a strong currency. Yet as the 2024 presidential election demonstrated,

President Donald Trump on Thursday said he planned to impose tariffs on Canada and France over their digital services taxes on U.S. technology giants, which has been a long-standing irritant.

Trump's new tariffs could drive up prices, impact jobs, and shift global trade. Explore the economic effects and what’s at stake for consumers and businesses.

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. Since the 1960s, tariffs — or import taxes — have emerged from negotiations between dozens of countries.

4.8%. That’s how much the U.S.’ weighted average tariff rate would be if Trump implemented the country-level strategy, Deutsche Bank economists led by Justin Weidner estimated in a Monday note. That’s a 3.3 percentage-point increase from the 1.5% effective rate U.S. imports had in 2022, according to the World Bank.