President Trump unveiled a universal import duty of 10% on all products, as well as reciprocal tariffs on imports from 60 nations.

It comes as the president recently announced a 25% tariff on imported vehicles and some auto parts among other tariffs.

Few details of the announcement were known prior, creating anxiety among the business community and global leaders.

President Donald Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers, will likely raise prices for U.S. consumers, and threatens to sharply slow the econom

"The principal risk is around the economy," said Lanhee Chen, a fellow at the Hoover Institution and former adviser to Republican leaders Mitt Romney and Marco Rubio, referring to the tariffs. "One is an immediate risk on prices and what that means for a president who was elected in part to bring prices down,

Based on the possibility of broad 20% tariffs that have been floated by some White House aides, most analyses see an economy tarnished by higher prices and stagnation. U.S. econom