On Monday morning, Trump said the baseline tariff rate for the world will be “in the range of 15 to 20% ... probably one of those two numbers.” “We’re going to be setting a tariff for essentially the rest of the world,

The United States is set to raise tariffs on dozens of trading partners Friday if they fail to reach accords with President Donald Trump to avert the higher rates, and

American consumers are already being hit by President Trump’s import duties, as leading firms warn they’ll have to push higher costs onto shoppers. Over the past few months, both retailers and manufacturers have raised concerns that the new tariffs on foreign items will cut their profits unless they pass expenses along.