Former IMF official Desmond Lachman highlights risks from Trump tariffs and tax cuts, warning of potential inflation, higher bond yields, and recession.

The Trump administration will soon ensure that its 50% steel tariffs, which have threatened to make everything containing steel more expensive, will apply to your next fridge or dishwasher.

"When you think about it, in the normal course, getting quietly to do a 10% tariff on everything from everywhere was a huge achievement," Wilbur Ross tells Fortune.

President Donald Trump's tariffs were touted as a tool for winning trade concessions from other countries. Those benefits are so far few and far between.

By Tim Kelly TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba heads to Canada on Sunday for trade talks with U.S. President Donald Trump, hoping to persuade him to drop trade tariffs that have imperilled Japan's auto companies and threaten to undermine his fragile government.

The toy industry is dominated by imports, with the overwhelming majority of toys made overseas and shipped into the U.S. President Trump's tariffs have given domestic toy makers an opening, but not without risk.

Lawmakers made hundreds of trades after Trump's April 2 speech, as markets swung on news of sweeping new tariffs.

The Tribune is tracking 11 everyday costs for Americans — eggs, milk, bread, bananas, oranges, tomatoes, chicken, ground beef, gasoline, electricity and natural gas — and how they are changing, or

President Trump told reporters this week that he would send letters to trading partners in the next week or two setting unilateral tariff rates. “At a certain point, we’re just going to send letters out.