Fed Chair Jerome Powell warned on Friday that President Donald Trump’s sweeping tariffs would likely push inflation higher, dampening investors’ hopes that the central bank would cut interest rates later this year.

President Trump’s blanket 10% global tariffs took effect this weekend, with higher rates targeting China and other countries poised to kick in this week. Now come the lawsuits. Trump again is testing the outer boundaries of executive power.

As financial markets around the world reeled following President Donald Trump's latest and most severe volley of tariffs, one expert warned of an economic ripple effect.

Some of President Donald Trump’s tariffs, which have sent markets plunging and deepened a global trade war, are now in effect. Meanwhile, the administration continues to pursue its immigration crackdown and Elon Musk’s government overhaul.

Donald Trump posted on Truth Social that it is a great time to get rich while markets suffered due to his tariffs. He also spent time at his golf club in Miami. Democrats criticized Trump for being out of touch with average Americans as they faced economic hardships.

US President Donald Trump's import tariffs came into effect on Saturday. The 10% duties will hit a wide range of goods entering the country. As European leaders remain on alert but call for a measured response.

The arbitrary tariffs imposed this week by the federal government are a direct threat to affordability and prosperity for families, communities, and businesses across Washingto

The president said that the tariffs are designed to bring manufacturing and business investment back into the country while raising revenue for the federal government.To quantify the magnitude of these changes,