Businesses of all sizes are reeling as President Trump expands his trade war. Stock markets fell sharply on Thursday. We also gauge how small U.S. retailers are responding to the new tariffs.
Key foreign stock markets continued their slide after opening on Friday morning amid the shockwaves of President Donald Trump's "Liberation Day" tariffs.
President Trump's sweeping tariff announcement triggered a sharp drop in U.S. stock markets, a flashing-red warning sign of the economic fallout that's expected to result from the widening trade war.
Countries seeking to sell goods to the United States will now face taxes as high as 54% based on how the White House is calculating duties on U.S. exports.
