Not even America’s closest trading partners were spared by a policy broadside that spooked investors and left policymakers scrambling to formulate responses.

The trade war President Donald Trump promised has begun, threatening the world economy and straining the United States' longstanding alliances in Europe and Asia.

President Donald Trump said he'll be rolling out reciprocal tariffs. Here's what that means for the U.S. and its global trading partners.

The penalties announced on Wednesday unleashed turbulence across world markets and drew condemnation from other leaders facing the end of an era of trade liberalization that has shaped the global order for decades.

It’s the U.S. versus ‘friend and foe alike’ as President Trump’s tariff tussle goes global. Trump announced Wednesday that the U.S. would begin applying a universal baseline tariff of 10% on imported goods from all foreign countries.

Yet the calls for making a deal from the EU, the U.K. and Japan indicated a lack of appetite for escalating trade tensions with the world's biggest economy and fear that slapping tariffs on U.S. goods will only make things worse.

In its first months, U.S. President Donald Trump's administration has moved to deter China from threatening its neighbors, signalling that the U.S. will ramp up its military presence in the Indo-Pacific and offer more support to Taiwan.

Home buyers and sellers in the U.S. are likely to feel the impact of the tariffs President Donald Trump slapped on every country worldwide Wednesday — but it isn’t all that bad. Economists expect tariffs to increase the cost of building and remodeling homes as the cost of imported building materials go up.