Although not naming the countries, treasury secretary Scott Bessent said the group of nations traded heavily with the U.S. and had high tariffs on U.S. goods, plus held non-tariff barriers such as domestic-content production rules.

Donald Trump’s long-awaited plan to impose hefty tariffs on America’s trade partners has arrived and some of the world’s most vulnerable economies have been harshly punished.

Trump has cited countless justifications for imposing tariffs, which are import taxes. The importer pays the tariff, and most often passes cost

US President Donald Trump has announced a universal "baseline" 10% tariff on all imports into the US, on what he has dubbed "Liberation Day". Trump also unveiled a 10% tariff on UK goods and 20% on EU goods in a watershed moment for global trade.

President Trump on Wednesday announced major tariffs, including a 10% baseline tariff for all U.S. trading partners. CBS News reports on what Mr. Trump referred to as "Liberation Day."

President Donald Trump announced sweeping tariffs on dozens of nations during a White House event he dubbed 'Liberation Day.' Here are some key moments.

President Trump announced the U.S. will impose a minimum baseline of 10% tariffs on goods imported from all foreign countries, along with further "reciprocal tariffs."

U.S. stock indexes finished higher after a choppy trading session on Wednesday, falling early and then rebounding as investors made last-minute bets to position themselves ahead of U.S. President Donald Trump's sweeping tariff announcements.

Futures indexes tied to the three main American stock markets were all trading down on Wednesday evening, as investors braced for the impacts of the sweeping worldwide tariffs Donald Trump announced earlier in the day.

American businesses have struggled in recent weeks to plan ahead as Trump’s tariff threats have injected so much uncertainty into the ir supply chains. Stock indices have dipped. Expectations of inflation have soared. Investors are rattled.

Trump reacted for the first time on Thursday to the fallout from his tariff announcement, which included markets nosediving and foreign leaders threatening retaliation.

World leaders were still processing Trump’s complex new tariff regime Thursday and few were prepared to unveil specific trade retaliation. But a number of them promised it was coming, raising the specter of an escalating tit-for-tat trade war that could devastate the global economy.

Megacap U.S. tech companies including Apple and retail giants Walmart and Nike led a global market meltdown as President Donald Trump's sweeping new tariffs heightened fears of a spike in costs across a wide range of industries.

Tariffs are taxes charged on goods imported from other countries. Companies bringing the goods into the country pay the amount, typically a percentage of the goods' value, to the government. Trump has announced a 10% "baseline" tariff on all imports to the US – this is what the UK will face.

Donald Trump launched a new assault on the global trading order on Wednesday, imposing a barrage of new tariffs including on all US imports in a move that sent Wall Street stock futures tumbling. The president said a levy of 10 per cent would apply to nearly all US imports from April 5 as he also revealed additional so-called reciprocal duties,

S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff, their biggest one-day loss since the pandemic sent global markets into a tailspin on March 16, 2020.

U.S. futures indexes fell sharply early on Thursday, led by a deep slide in major tech stocks, while global markets also faced a major selloff after President Donald Trump’s sweeping reciprocal tariffs raised fears of a global trade war and recession.

World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.