In staffing his incoming administration, President-elect Donald Trump has so far veered from the conventional to the confounding. But his choices all seem to have one thing in common: A bond with Trump himself.

The move, which goes beyond the imposition of a flat tariff on all nations, threatens to shatter what remains of the global trading system that has been in operation since 1947.

President Donald Trump outlined plans on Thursday to overhaul America's entire system of tariffs in order to charge what he calls "reciprocal" taxes based

Donald Trump's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war and threatening to add to already-sticky U.

President Donald Trump‘s latest tariff threats against America’s three largest trading partners could cost U.S. households an average of $800 in 2025, according to a report, marking an escalation from his first-term trade wars.

His campaign billed it as “an eye for an eye, a tariff for a tariff, same exact amount”. The approach taken has been broader. Officials said they would impose the levies on a “country by country” basis,

U.S. President Donald Trump said he plans to unveil reciprocal tariffs on Thursday but gave no other details. "Today is the big one: reciprocal tariffs," Trump wrote on his social media platform. Copyright 2025 Thomson Reuters.

Japan has already initiated communication with the United States following President Donald Trump's order on formulating plans for tariff proposal, a government spokesperson said on Friday. "We've already begun communicating with the U.