Governments around the world pledged counter measures on the U.S. after President Donald Trump unveiled on Wednesday a new baseline 10% tariff on goods from all countries plus reciprocal tariffs on those that his administration says have high barriers to U.

Here's what investors need to know. A blanket 10% tariff isn't all that Trump imposed. Goods imported from countries that Trump says have been imposing high tariffs will also face high tariffs as they enter the U.

Chinese outdoor furniture maker Jin Chaofeng set up a factory in Vietnam last July to escape higher U.S. tariffs. Now he is looking to close it, as Washington imposes steep levies on Hanoi and the rest of the world.

Exclusive: Trump administration moves to more easily fire some agency employees The Trump administration has begun the process of reclassifying workers at some agencies to a new job category with fewer protections,

Tariffs are taxes charged on goods imported from other countries. Companies bringing the goods into the country pay the amount, typically a percentage of the goods' value, to the government. Trump has announced a 10% "baseline" tariff on all imports to the US – this is what the UK will face.

Donald Trump launched a new assault on the global trading order on Wednesday, imposing a barrage of new tariffs including on all US imports in a move that sent Wall Street stock futures tumbling. The president said a levy of 10 per cent would apply to nearly all US imports from April 5 as he also revealed additional so-called reciprocal duties,

Scotland's biggest exporters to the United States have expressed disappointment with Donald Trump's new 10% tariffs and called for negotiations to continue. The US President unveiled plans at the White House which will see the import tax apply at varying rates for different countries,

Morgan Stanley said on Thursday it expects the U.S Federal Reserve will not cut rates this year due to potential elevated inflation levels on the back of Trump's latest tariffs.

Your guide to what the 2024 US election means for Washington and the world Donald Trump announced sweeping new tariffs on US imports on Wednesday, taking the global economy into a new era of trade competition.