"The best estimate of the loss from tariff policy is now closer to $30 trillion."Summers added that the tariffs were the most expensive and "masochistic" the US had imposed in decades.Mohamed El-Erian"The price action in global financial markets in the immediate aftermath of the US tariff announcement points to major worries about global economic growth,

JD Foster is the former chief economist at the Office of Management and Budget and former chief economist and senior vice president at the U.S. Chamber of Commerce. He now resides in relative freedom in the hills of Idaho.

Mr. Trump announced last week that vehicles and auto parts imported into the U.S. will be subject to a 25% tariff rate. The auto tariffs are expected to go into effect at midnight, just hours after the latest round of tariff announcements by the president Wednesday afternoon.

Mr Trump’s obsession with tariffs has long been known, but he offered a kaleidoscope of ever-changing rationales for them. They would raise revenue, reshore jobs, reduce trade deficits, ensure reciprocity by providing bargaining leverage,

President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners — a 34% tax on imports from

Post contributors weigh in on the tariff announcement.

President Donald Trump's "Liberation Day" appeared set to end North American free trade and Mexico's privileged access to the U.S. Instead, Mexican officials are celebrating being left off Trump's global tariffs list,

U.S. President Donald Trump on April 2 unleashed what he has dubbed "Liberation Day," imposing tariffs on nearly every country in the world — including war-torn Ukraine. Kyiv got off lighter than most with only a 10% tariff on all Ukrainian goods,

President Trump unveiled new tariffs on imports to the US which will form a central part of his government's new trade policy. In his speech, he listed the new tariffs to be imposed on a number of countries,