In his latest move, President Trump said he would impose an additional 25% tariff on Canadian steel and aluminum, as he upends diplomatic relations with major trading partners.

Trump's action to bulk up protections for American steel and aluminum producers restores effective global tariffs of 25% on all imports of the metals and extends the duties to hundreds of downstream products made from the metals,

Understand how Trump's trade policies impact market volatility and the economy. Explore potential tariff changes by April 2 and their effects on investments.

President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500’s peak last month, when Wall Street was cheering much of Trump's agenda.

US stocks extended their losses in the afternoon on fears a trade war will lead to recession. On Sunday, Trump declined to rule out that possibility.

What had been a steady pullback from the US stock market accelerated sharply Monday as investors retreated from virtually every type of risk and economic fear raced across Wall Street.

Stocks fall again: Wall Street had its worst day of 2025 on Monday, with the S&P 500 index falling 2.7 percent a day after President Trump refused to rule out that his aggressive trade policies could cause a recession. The sell-off in stocks continued as the Asia business day began on Tuesday.

The president defended his policies as he met the CEOs of America's biggest companies, including many whose market value has dipped in recent days.

You do not want to play from behind against Kansas City, and you don’t want to be in a position where you’ve got to compromise your run game.” Recession fears: President Trump declined on Sunday to rule out the possibility that his economic policies,

President Trump refused to rule out the possibility that his economic policies, including aggressive tariffs, could lead to a recession. In an interview with Fox News, he acknowledged a “period of transition” but insisted that his policies would ultimately benefit the economy.

Makers of goods from sportswear to luxury cars and chemicals painted a gloomy picture on Wednesday of consumer and industrial health, adding to concerns about the damage from U.S. President Donald Trump's trade wars and hitting share prices again.