The sweeping tariffs President Donald Trump announced Wednesday, combined with his other import levies, likely would plunge the nation and world into a deep recession if he follows through on the plan, economists say.

WASHINGTON (AP) — President Donald Trump declared on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States, threatening to upend much of the architecture of the global economy and trigger broader trade wars.

We’re not taking it anymore," the president said, announcing the U.S.' tariffs would amount to half of trading partners'.

Trump announced sweeping global tariffs. President Trump unveiled yesterday his most expansive tariffs to date, hitting all of the U.S. trading partners except Canada and Mexico w

Trump said he will impose a 10 per cent baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners. He said he sees today’s announcement as the country’s “declaration of economic independence.

Donald Trump has just turned the world economy upside down with a wave of aggressive tariffs on America’s trading partners.

Trump’s supporters have clashed over the true goal of forthcoming global tariffs: raising revenue, or lowering foreign trade barriers?

Companies in Northern Ireland sell goods valued at around £1.5bn to the US every year, with a concentration in pharmaceuticals and industrial machinery. Northern Irish goods will be covered by the tariff which Trump has imposed on the UK as a whole.

US President Donald Trump announced the long-awaited “Liberation Day” reciprocal tariffs at the White House Rose Garden. Global markets shifted into “risk-off” mode, with US stock futures tumbling sharply and gold surging to a new high.