President Donald Trump’s tariffs on China, Canada, and Mexico are presented by the president and his boosters as a boon to American businesses. If products from China are more expensive, the argument goes, then people will instead buy from counterparts based in the US.

Donald Trump's planned reciprocal tariffs would match the fees other countries impose on U.S. imports, including tariffs and taxes.

Tariffs imposed on countries that are deemed to be treating the US unfairly could ignite a global trade war and worsen American inflation

Plus: RFK Jr. was sworn in Thursday as Secretary of Health and Human Services. | The Manhattan U.S. Attorney resigns over Eric Adams' dropped charges.

There’s growing concern about the new tariffs President Donald Trump announced on Thursday. The tariffs are on countries he says have taken advantage of the U.S. President Trump says the new tariffs will put the country on a level playing field when it comes to global trading,

President Donald Trump on Thursday signed a memorandum that directs his advisers to draft new “fair and reciprocal” trade tariffs on all major U.S. trading partners.