Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.

U.S. stock index futures fell on Friday, as President Donald Trump amplified his tariff offensive against Canada, adding another layer of uncertainty around Washington's trade policies.

US stocks’ record highs obscure the risks Donald Trump poses to the world’s biggest economy, according to big investors and senior bankers who have warned over growing “complacency” in the markets.

President Donald Trump said on social media that he would impose a 30% tariff on the European Union and Mexico on August 1. NBC News' Yamiche Alcindor reports on how Trump would respond if either the E.

President Donald Trump late Thursday threatened a 35% tariff on goods imported from Canada, a dramatic escalation in an on-again, off-again trade war with America’s northern neighbor and one of its mo...