President Donald Trump has announced far-reaching new tariffs on nearly all U.S. trading partners — including a 34% tax on imports from China and 20% on the European Union, among others.

This policy change is stirring a mix of reactions among consumers and experts alike, leading many to wonder what financial impact this could have on their everyday lives.

Donald Trump on Wednesday announced sweeping reciprocal tariffs on all countries, saying that a minimum of 10 per cent levy will be imposed on all imports.

Sweeping global "reciprocal" tariffs announced by President Donald Trump provoked dismay, threats of countermeasures and urgent calls for negotiations.

Financial markets declined markedly after President Donald Trump unveiled steeper-than-expected retaliatory tariffs.

The president announced the biggest hike in import duties in modern U.S. history, raising the risks of a recession and stock market downturn.

President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods.

We’re bringing you an afternoon Inside Congress update because we just got our hands on what the White House is telling rattled Capitol Hill Republicans about President Donald Trump ‘s latest wave of tariffs.