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Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.

Economists are bracing for intensifying price pressures and slower growth, posing a challenge for the Federal Reserve.

The mood at a gathering of central bankers, economists and analysts in Europe was somewhat bewildered, as they assessed the unpredictability of trade policy and geopolitics.

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The European Union wants to force the United States to the negotiating table with retaliatory tariffs on a range of American products, including some from Republican strongholds.

President Trump’s sweeping promises are running headlong into the reality of governing.

Even before the new levies took effect, the industry was worried about prices after President Trump opposed a major merger in the steel sector.

President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.

President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.

The president had threatened to hit Canadian metals with 50 percent tariffs but opted not to go ahead after Ontario lifted a charge on U.S. electricity.