In fact, even Buffett has criticized the idea of import tariffs, recently saying during a CBS News interview that they are "an act of war, to some degree. ... Over time, they are a tax on goods. ...

President Trump on Wednesday laid out his long-awaited plans to slap reciprocal tariffs on countries around the world — ...

Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.