“Liberation Day” turned out to be alarming. President Trump floored investors by announcing the largest tax hike on Americans since at least the 1940s. April 2, which Trump called “Liberation Day,” was Trump’s deadline for unveiling a sweeping set of taxes on imports that almost nobody in the investing universe saw coming. For the first…

US President Donald Trump’s reciprocal tariffs are a “major blow to the world economy”, EU chief Ursula von der Leyen warned Thursday, as she vowed Brussels was “prepared to respond”. “We are now preparing for further countermeasures, to protects our interests and our businesses if negotiations fail,” von der Leyen said, emphasizing that the EU…

The U.S. government has banned American government personnel in China, as well as family members and contractors with security clearances, from any romantic or sexual relationships with Chinese citizens, The Associated Press has learned. Four people with direct knowledge of the matter told the AP about the policy, which was put into effect by departing…

President Donald Trump’s administration calculated its raft of new tariffs primarily based on existing trade balances — a departure from pledges to match the tariff rates and other trade barriers from other countries. In a statement published Wednesday night to explain its methodology for tariffs that rocked the globe, the United States Trade Representative detailed a formula…