Analysts say they believe import costs will likely accelerate in the next few months or years and have an oversized effect on economic growth and inflation. For now, the stock market has seemed to

The United States will impose a 50% tariff on copper pipes and wiring, President Donald Trump said on Wednesday, but details of the levy fell short of the sweeping restrictions expected and left out copper input materials such as ores,

The tariffs mark a new phase in what has been a complicated and at times chaotic push to reset the terms of global trade. Treasury Secretary Scott Bessent suggested on Tuesday that more deals could come together in the coming weeks, meaning the rates are still subject to change.

President Donald Trump said on Wednesday the United States is still negotiating with India on trade after announcing earlier in the day the U.S. would impose a 25% tariff on goods imported from the country starting on Friday.

The U.S. Constitution gives the power to impose taxes — including tariffs — to Congress. But lawmakers have gradually relinquished power over trade policy to the White House. And Trump has made the most of the power vacuum, raising the average U.S. tariff to more than 18%, highest since 1934, according to the Budget Lab at Yale University.

Chinese trade negotiators and the White House said both sides are looking to potentially extend talks beyond an August deadline to resolve wide-ranging tariff disputes triggered by Donald Trump’s global trade war.

Talks with China wrap up as U.S. economic growth beats expectations as Trump rolls out new tariffs on India and advances trade pacts with the EU and others.

Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a clear path forward to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies.