Matthew McGuire, former U.S. executive director of the World Bank Group, explains the impact of President Donald Trump’s latest tariffs on companies and consumers.

The tariffs escalate a global trade war, prompting forecasts of higher car prices.

President Donald Trump announced plans to put a 25% tariff on all imported cars, escalating a global trade war just weeks after previous tariffs triggered concern about a possible recession.

Brazilian President Luiz Inácio Lula da Silva has swiped at U.S. President Donald Trump's decision to raise tariffs on a wide range of products

The major stock indexes closed down on Wednesday.

Canadian Prime Minister Mark Carney says U.S. President Donald Trump’s auto tariffs are a “direct attack” on his country and says the trade war is hurting Americans, noting that American consumer confidence is at a multi-year low

The auto tariffs are set to target a sector that employs more than a million U.S. workers and relies on a supply chain closely intertwined with Mexico and Canada.

Trump has referred to April 2 as "liberation day."

ABC News’ Jaclyn Lee reported on how American winemakers are feeling the effects of President Donald Trump’s looming tariffs on European wine and spirits, as well as their concerns about future costs.

The duties would still mark a significant escalation of U.S. tariffs.

President Donald Trump says he will place a 25% tariff on all imports from any country that buys oil or gas from Venezuela

Point Roberts, Washington, is the rare U.S. exclave so dependent on Canada’s goodwill that the strain of Trump’s tariff war is inescapable — in the grocery store, at the pub and for the majority of residents who never voted for the president

A battle brewing between two neighbors could up-end the tourism industry in the U.S.

"Financial Literacy for All" author John Hope Bryant joins ABC News Live to discuss the potential fallout from tariffs and the rollback of DEI.

ABC News' Britt Clennett reports on the impact President Trump's tariffs are having on both U.S. and Chinese businesses.

ABC News’ Jaclyn Lee reports on the impact the Trump administration’s trade war is having on the wine business.

Trump's comments came hours after the Fed opted to hold interest rates steady.

The number 200 is top of mind across wine country in France, Italy and Spain, Europe's top producers of wine

The Fed is set to announce a its latest interest rate decision on Wednesday.

The Federal Reserve held interest rates steady on Wednesday, faulting President Donald Trump's tariffs for a portion of recent price increases but opting for a patient approach.

The Federal Reserve held interest rates steady on Wednesday, opting for a patient approach weeks after President Donald Trump's tariffs touched off a global trade war.

US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount

On “This Week,” co-anchor Martha Raddatz speaks to business leaders in Florida about the impact of tariffs.

ABC News' Alexis Christoforous joins "GMA" to talk about increasing recession fears.

Chris Swonger, the president and CEO of the Distilled Spirits Council of the United States, discusses how President Donald Trump's trade war could impact alcohol prices.

ABC News' Senior White House Correspondent Selina Wang and Political Director Averi Harper take a look at this week's top political headlines.

In a letter to Trump officials, Tesla raised concerns about the president's tariffs -- but it's unclear if CEO Elon Musk was personally involved in sending the letter.

The Dow Jones and S&P 500 tumbled on Thursday, deepening losses suffered since the outbreak of a trade war set off by President Donald Trump's tariffs.

Bankrate senior economic analyst Mark Hamrick explains the impact of President Donald Trump’s tariffs on the stock market.

Trump stood by his tariff plans. "I'm not going to bend at all," Trump said.

ABC News’ Stephanie Ramos speaks to the President and CEO of Wine & Spirits Wholesalers of America, Francis Creighton, about how Pres. Donald Trump’s tariffs will make consumers’ wallets lighter.

As President Donald Trump's trade war escalates, the Dow Jones plunged more than 500 points and, for the first time in two years, the S&P 500 was down 10% from its recent peak at closing Thursday.

The announcement came in response to tariffs issued by the European Union.

House Republicans successfully blocked Democrats from forcing votes and debate on President Donald Trump's controversial tariffs.

President Trump reiterates his desire for Canada to become the 51st state amid the ongoing trade battle, saying he’s not “going to bend” on tariffs.

ABC News’ Alexis Christoforous reports on the announcement from President Trump, which came in response to tariffs issued by the European Union.

United States trade partners, including the European Union, responded after President Donald Trump’s 25% tariffs on steel and aluminum imports went into effect Wednesday. Trump said he’s "not happy."

Ontario Premier Doug Ford discusses the uncertainty around tariffs as Commerce Secretary Howard Lutnick said trade talks would resume between Canada and the U.S.

U.S. tariffs on imported steel and aluminum are now in effect, part of an escalating series of trade maneuvers by President Donald Trump.

Canadian Chamber of Commerce president Candace Laing says “markets are incredibly frustrated with uncertainty” created by tariffs.

Don Graves, who served as deputy secretary of commerce in the Biden administration, warns against using tariffs to stimulate the economy.

U.S. tariffs on imported steel and aluminum are now in effect, part of an escalating series of trade maneuvers by President Donald Trump that have unsettled markets.

There was more volatility in the stock market as President Donald Trump threatened further escalation in the trade war against Canada and other partners.

President Donald Trump on Tuesday backed down from a threat to impose an additional 25% in tariffs on Canadian steel and aluminum products.

House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.

The tariffs the Trump administration is imposing on Canada could disrupt the longstanding trade of electricity between the two countries.

ABC News’ Rebecca Jarvis reports on the apprehensions on Wall Street after U.S. stocks plummeted on Monday as businesses and consumers react to President Donald Trump’s tariffs.

ABC News’ Britt Clennett reports on how the trade war could impact China’s economy and food supply.

Chief economist of Moody’s Analytics Mark Zandi discusses the potential impact of a recession on the U.S. economy.

U.S. stocks plunged on Monday, suffering widespread losses amid an escalating trade war a day after President Donald Trump declined to rule out the possibility of a recession.