Trump also slammed China, which retaliated against his sweeping tariff policy Friday with a new 34% tariff on U.S. goods.

Donald Trump holds up a chart of his new tariff plan at the White House on April 2 The effects of Donald Trump's "Liberation Day" tariffs are drawing concern among the millions of United States citizens who have retirement plans tied up in the stock market.

The tariffs are coming, of course they are,” Lutnick told CBS on Sunday, adding that there was “no postponing” the levies. “The president needs to reset global trade.” Top US officials said that, since Trump announced his new tariff plan last Wednesday in the Rose Garden of the White House,

President Trump giving remarks on his Liberation Day tariffs. Image source: Official White House Photo. These not-so-subtle moves lower are particularly surprising given how strong the stock market closed out President Donald Trump's first term in office.

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

The import taxes Trump announced last week have sent financial markets reeling, raised fears of a recession and upended the global trading system.

President Donald Trump said Sunday that he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement the taxes that have sent financial markets reeling,