Small business owners are bracing for the economic effects of the tariffs by the President on April 2nd. Alys Martinez reports.

Mr. Trump has said the two new tariffs he unveiled Wednesday — a 10% universal duty on all U.S. imports and so-called reciprocal tariffs applied to imports from about 90 nations — will revitalize American manufacturing, create jobs and generate federal revenue.

The U.S. and global markets have already started to feel the impact of Trump’s tariffs, with the U.S. stock market taking the worst hit thus far. At the end of Thursday, April 3, Dow Jones closed at 1,

President Donald Trump's harsher-than-expected global tariffs sent economists scrambling to revise their economic estimates. They project the U.S. economy faces higher inflation, slower growth, and greater recession risks.

Billionaire businessman Mark Cuban said on Bluesky that Trump's aggressive tariffs, combined with DOGE cuts, could cause long-term economic harm.

After months of delays, President Donald Trump's contentious tariff barrage is now in effect. It imposes a wide variety of new import taxes that are the steepest seen in nearly a century and affect all of the country's trade partners.

JPMorgan and Delta Air Lines report this week — but “you can throw most forecasts out the door, if this tariff rate stays on for an extended period of time,” one analyst says.

India, the world’s fifth-largest economy, is poised to emerge relatively unscathed from a new torrent of tariffs under President Trump’s “Liberation Day” plan. While the move has sparked concerns over potential disruptions in international commerce,

Starmer - Prime Minister Sir Keir Starmer gathered business chiefs in No 10 for talks after Donald Trump announced sweeping global tariffs.