Trump administration officials on Thursday defended President Trump's sweeping worldwide tariffs, but they could hamstring GOP in midterms.

President Trump spared pharmaceuticals from the opening salvo in his campaign to transform the economy through “reciprocal” tariffs; however, the global drug market may still be hit by

Trump has for weeks trumpeted April 2 as a "Liberation Day" that will see dramatic new duties that could upend the global trade system, with a White House Rose Garden announcement scheduled for 4 p.m.

U.S. President Donald Trump showed off a giant chart on Wednesday full of new “reciprocal” tariffs, which start at 10 per cent and grow steeper for countries with larger trade deficits with the U.S. But experts quickly noticed that these numbers don't add up.

Trump believes tariffs will restore the U.S. economy, but there's no shortage of commentary and surging betting odds over growing fears of a U.S. recession. Federal Reserve Chair Jerome Powell warned on Friday that the new tariffs will likely drive up inflation and slow economic growth.

Washington, Wall Street and global leaders have spent two days fretting whether President Donald Trump is open to compromise on his new tariffs or whether they are as final as the White House has been making them out to be.

The stock market plunged Thursday after President Trump signed sweeping tariffs into effect on dozens of countries, completely upending U.S. trade policy. The aggressive move affects nearly every