Should the president hold fast to his tougher-than-expected trade policy, there’s a material risk of at least near-term costs.

Economists, market watchers and consumers alike are still trying to understand the implications of President Donald Trump's announcement on Wednesday of sweeping new tariffs. The plan, part of Trump's "Make America Wealthy Again" initiatives,

Key Takeaways Economists say President Donald Trump's Wednesday announcement of broad-based tariffs on trading partners worldwide will likely push up inflation and increase the chances of a recession.