For decades, global commerce abided by tariff rates agreed to by the U.S. and 122 other countries during the 1980s and 1990s. On Wednesday, Trump detonated that arrangement, saying that other countries had exploited the system and “ripped off’’ the United States for years, causing its once-mighty manufacturing base to shrink.

U.S. financial markets responded with significant losses after President Donald Trump unveiled his tariff plans.

President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars

Little was spared in financial markets as fear flared about the potentially toxic mix of weakening economic growth and higher inflation.

Donald Trump’s tariff offensive convulsed global markets on Thursday, with sectors from banking to tech left reeling from the US president’s bid to remake the global economic order. Wall Street stocks sustained heavy losses,

After GOP senators helped pass a measure to revoke Trump's Canada tariffs, talks are underway to force a House vote. Senators also unveiled a bipartisan bill to limit his authority.

We’re bringing you an afternoon Inside Congress update because we just got our hands on what the White House is telling rattled Capitol Hill Republicans about President Donald Trump ‘s latest wave of tariffs.

Republican U.S. Senator Chuck Grassley introduced a bill on Thursday that would require congressional approval for new tariffs, the day after President Donald Trump unveiled sweeping new taxes on a vast array of imported goods.

A bipartisan pair of U.S. Senators introduced legislation on Thursday that would require Congress to approve all tariffs within 60 days. Sen. Chuck Grassley, R-Iowa., and Maria Cantwell, D-Wash., proposed the measure.

The Kentucky senator was one of only four Republicans to vote against the Canada tariffs and the emergency powers Trump is using to impose them.

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.