" The moves marked a dramatic reversal after Trump vigorously defended the steep tariffs amid the economic and market upheaval.Start the day smarter. Get all the news you need in your inbox each morning.

President Trump had brushed off the stock market's plunge, but turmoil in the bond market got his administration's attention.

The tariffs' popularity and impact on the economy could be crucial to the outcome of the 2026 midterm elections.

Trump’s ‘reciprocal’ tariffs on the EU and dozens of other countries have come into effect today. The EU is being hit with a 20% tariff on all goods - including products like cheese and wine. CNN’s Melissa Bell explains why EU imports to the US will now make products more expensive for consumers.

The tariff fight between the world’s two largest economies escalated as Trump tried to narrow his global trade war into a direct face off with Beijing.

In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.

U.S. President Donald Trump's about-face on sweeping import tariffs did little to soothe companies' worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains.

US stocks tumbled following President Donald Trump's announcement last week of widespread retaliatory tariffs and a 10% universal import tax, triggering fears of rising consumer prices and a potential recession.

Trump announced a 90-day tariff reduction to 10% for most countries but further jacked up the tax rate on Chinese imports to 125%.