The president's aides insist the fallout will be short and ultimately result in a better economy, as economists warn of higher inflation and slower growth.
Businesses of all sizes are reeling as President Trump expands his trade war. Stock markets fell sharply on Thursday. We also gauge how small U.S. retailers are responding to the new tariffs.
Markets reflected investors' continued worries about the economic disruption of President Trump's trade policies and retaliation by major trading partners. U.S. stocks are poised to open sharply lower.
