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The new tariffs announced Wednesday by U.S. President Donald Trump were met initially with measured reactions from key trading partners, highlighting the lack of appetite for a full-fledged trade war.

President Donald Trump has announced far-reaching new tariffs on nearly all U.S. trading partners — including a 34% tax on imports from China and 20% on the European Union, among others.

The Trump administration's aggressive global tariff regime against imported goods from some of its closest allies has drawn strong reactions across the board.

U.S. President Donald Trump smashed a more than 75-year-old global trading system with a new baseline 10% U.S. tariff on goods from all countries and higher reciprocal tariff rates for countries that his administration says have high barriers to U.

President Trump says his new tariffs will grow the U.S. economy. But how much will this growth plan cost you? What you need to know.

For instance, Trump said, the U.S. estimated a total trade barrier rate of 67% for China, meaning the U.S. would impose a 34% tariff in response. The U.S. assessed a European Union trade barrier rate of 39%, Trump said, adding that the U.S. reciprocal tariff would register at 20%.

Senate Republicans unveiled their new budget blueprint Wednesday afternoon, paving the way for the Senate and House to finally inch closer to advancing President Donald Trump’s immigration and tax agenda.

President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.