Learn the impact of Trump's 2025 tariff hikes, the Mar-a-Lago Accord, and expert insights on automation, global retaliation, and economic stability. Click for more.

First, here's a quick summary of the tariff situation. Trump proclaimed April 2 "Liberation Day," suggesting that his tariff announcements represented economic freedom for the U.S. In early March, Trump initially spoke of tariffs on imports from Canada, China, and Mexico, then said he would announce the complete plan a month later.

President Trump announced reciprocal tariffs on about 90 countries, including China and the European Union. Here's the list.

“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump threatened on Truth Social Monday morning.

As markets tumble and fears grow over a global trade war in response to President Trump's tariffs, he has advised Americans to "be strong" and "hang tough."

Congress could stop the tariffs at any time. The Constitution gives Congress the power to control tariffs, but lawmakers have over the decades ceded their power to the White House with laws expanding the president’s trade powers,

Set aside the wisdom of the tariffs President Donald Trump has levied on nearly all of America's trading partners and consider instead the mechanism for imposing them. Trump was able to bypass Congress and put in place trade policy that has the potential to upend the nation's economy by invoking his authority under the International Emergency Economic Powers Act of 1977 to declare a national emergency caused by persistent trade deficits.

U.S. President Donald Trump’s big raise in tariffs has triggered an escalating trade war and sent global markets plummeting. The S&P 500 fell 6% Friday, the Dow Jones Industrial Average

U.S. President Donald Trump threatened to further increase tariffs on China on Monday, raising the possibility of further escalation in a trade war that has already wiped trillions of dollars from global markets.

The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight.

Trump has insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing. He's singled out China as “the biggest abuser of them all” and criticized Beijing for increasing its own tariffs in retaliation.

The Wall Street mogul warned of “economic nuclear winter” as the threat of an all-out trade war triggers a global market meltdown.

Billionaire hedge-fund manager Bill Ackman called for a 90-day pause in President Donald Trump's tariffs to negotiate with other countries, becoming one of the latest public figures to weigh in on the tariff plan that's seeing a mixed reviews from high-profile officials.

Billionaire investor Bill Ackman says he wouldn’t be shocked if President Trump presses pause on his upcoming tariff plan. In a post shared on