President Donald Trump unveiled sweeping reciprocal tariffs on what he deemed “Liberation Day” earlier this week. The tariffs and threat of a global trade war sent Wall Street spiraling, and some are saying it’s Smoot-Hawley all over again.

The retro approach has been years in the making, with Trump refusing to back down in the face of a tumbling stock market and public recriminations from the United States’ top allies. But Trump says that for companies and countries that want to get out from under the tariffs there is a way out: Build their products in America or lower their trade barriers.

JPMorgan warned of an increased recession risk due to President Donald Trump's tariff policies, while Peter Schiff thinks the U.S. has been in recession for a while.

U.S. stocks continued their plunge in early trading on Friday, just hours after China announced retaliatory tariffs in response to President Donald Trump's "Liberation Day" levies. The Dow Jones Industrial Average plummeted 1,

President Donald Trump insisted Friday that “MY POLICIES WILL NEVER CHANGE,” doubling down on his aggressive tariff policies amid plummeting U.S. stock markets.

Trump said a 25% tariff on imported passenger vehicles, light trucks and some auto parts is set to go into effect on Wednesday, April 2 and will begin to be collected on Thursday, April 3.

President Donald Trump vowed Friday to stay the course on his sweeping tariffs plan, which on Thursday sent U.S. financial markets into their steepest one-day decline since 2020 and prompted retaliation from some major trading partners.

They failed to see that the most serious consequences would instead be in the area where Trump often showed the most interest: global trade and economics. Unlike many other areas of his new presidency,