"We still believe the most likely outcome is slow growth and firm inflation: Not a recession, but a backdrop where the adverse effects of trade and immigration controls on growth outweigh the boost from deregulation and fiscal largesse," Morgan Stanley strategist Michael Zezas wrote.

Trump's tariffs threaten to weaken the stability of the global trading system, explains economist Devashish Mitra.

Trump has suggested he will impose his own tariff rates against countries that don’t make deals with his administration.

WASHINGTON (AP) — President Donald Trump says Wednesday will be “Liberation Day" — a moment when he plans to roll out a set of tariffs that he promises will free the United States from ...

President Donald Trump says April 2 will be “Liberation Day” — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods.

President Donald Trump announced a trade agreement on Sunday with the European Union that would lower tariffs to 15%. The tariff rate is a reduction from the 30% that Trump threatened on July 12 and the 20% he said he would impose on April 2.

With the president’s new trade deals, US protectionism is slowing investment and rewiring supply chains at the expense of the global economy

Experts at Bankrate have warned that the cost of President Donald Trump’s tariffs could ultimately be passed on to American consumers, unless importers or businesses absorb the costs