The Yale Budget Lab noted that the letters sent Monday would hike the effective tariff rate on U.S. consumers to the highest since 1934.

Trump and his aides have repeatedly shifted their stance on tariffs since the president’s “Liberation Day” announcement.

Live updates and the latest news as Benjamin Netanyahu visits Capitol Hill following his meeting with Trump yestrday on Iran and Gaza

During their meeting, Netanyahu gave Trump a letter that the Israeli prime minister said he had used to nominate the U.S. president for the Nobel Peace Prize. Trump, appearing pleased by the gesture,

U.S. trading partners are weighing responses after President Donald Trump’s latest action on tariffs sparked a stock market selloff Monday. The White House sent letters yesterday to about a dozen countries laying out the rates at which imports would be taxed—ranging from 25% to 40%—if no other trade agreements are reached.

By Jeff Mason, Bart H. Meijer and David Brunnstrom WASHINGTON/BRUSSELS (Reuters) - President Donald Trump on Monday began telling trade partners - from powerhouse suppliers like Japan and South Korea to minor players - that sharply higher U.

Trump helped Speaker Mike Johnson pressure GOP holdouts into flipping their no votes to allow the measure to go forward in time to meet the president's self-imposed July Fourth deadline. Trump says tariff letters to be sent to 'various countries' on Monday President Donald Trump posted on Truth Social that his tariff letters "and/or deals" will be delivered to "various countries from around the world,

WASHINGTON—President Trump reignited his global trade war Monday, renewing his threat to hit partners with punishing tariffs even as he announced a three-week extension to negotiate deals. Trump signed an executive order extending the date when his so-called reciprocal tariffs would take effect,