The Trump administration's recent executive order introduces a new ad valorem tariff on imports, sparking concerns about its effects on trade agreements with Canada and Mexico.

The price tag for Apple’s iPhones may increase by more than 40% after President Donald Trump announced sweeping reciprocal tariffs on U.S. trade partners, analysts said Thursday, as Trump’s trade policies will likely increase prices across several imported goods, including new cars, coffee, chocolate and other products.

Canada launches a bold highway campaign in the U.S. to highlight the adverse effects of tariffs imposed by President Trump. The initiative aims to inform American consumers about the hidden costs of these tariffs on everyday essentials.

President Donald Trump has initiated a 10% tariff on imports from nearly all countries starting April 2. However, even higher tariffs loom, with additional 'reciprocal' tariffs set to take effect on April 9.

Trump’s tariffs are sending shockwaves through global markets on fears of an escalating trade war. Follow along for live updates.

President Donald Trump unveiled sweeping 10% tariffs on all imports to the United States Wednesday, but about 60 countries or trading blocs will see even higher rates in an escalating move that is poised to initiate a global trade war.