Posting on social media, President Donald Trump wrote that an "80 percent tariff on China seems right." ABC News' Selina Wang reports.

Columbia Business School economics professor Brett House says President Donald Trump “totally misunderstands trade relationships with the U.S. and the rest of the world.”

In a new memo obtained by ABC News, Ford told dealers that prices will go up on some models. Ford told ABC News that its discounted pricing plan will remain in place through July 4th weekend.

President Donald Trump is expected to announce a new trade agreement with the U.K., the first since the president imposed, and paused, sweeping tariffs on dozens of trading partners last month.

It comes as Ford said it plans to raise prices on some vehicles by as much as $2,000, citing “some tariffs we are facing.”

ABC News' Mary Bruce asked the president if he was willing to pull back the tariffs "in order to get China to the negotiating table."

Film producer Chris Fenton discusses proposed 100% tariff on films produced outside the U.S. by President Donald Trump.

President Donald Trump proposed a 100% tariff on films produced abroad.

Trump has called on the Fed to lower rates, despite a longstanding norm of political independence.

Rep. Morgan McGarvey discusses how US-Canada trade tensions could devastate Kentucky's bourbon industry and impact healthcare services amid proposed federal budget cuts.

The Trump administration's introduction of new tariffs will impact American families and parents as prices rise.

President Donald Trump on Tuesday hosted Canadian Prime Minster Mark Carney at the White House amid a tense trade war between the two neighbors kickstarted by Trump's tariffs.

The U.S. trade deficit soared to a monthly record of $140.5 billion in March, signaling a rush for imports from businesses and consumers alike ahead of President Donald Trump’s latest — and most sweeping — tariffs taking effect

ABC News’ Jay O’Brien reports on the Treasury secretary’s testimony before the House Appropriations subcommittee.

Rep. Addison McDowell, R-N.C., joined ABC News Live to discuss President Donald Trump's first 100 days in office and tariff policy.

Most auto part imports now have a 25% import tax which started at 12:01 a.m. ET on Saturday.

U.S. automakers warn of major price increases ahead for consumers. Plus, Beijing says it's "evaluating" possible negotiations amid trade war with U.S.

ABC News' Political Director Averi Harper discusses what the Trump administration is telling Americans who may be concerned about rising prices and where the trade war goes from here.

Guacamole has been spared from tariffs for now

Liz Pancotti, the managing director of policy and advocacy for Groundwork Collaborative, discusses loopholes and exemptions on tariffs and the April jobs report.

Beijing is said to be evaluating an American offer to negotiate as a new tariff on auto parts takes effect.

ABC News senior White House correspondent Selina Wang delivers the latest on trade talks between China and the U.S. and President Donald Trump’s efforts to slash budgets across the country.

From clothes to automobiles, ABC News' Christiane Cordero takes a look at the impact the tariffs could have on consumers.

Cheap clothing and products from Shein and Temu are getting more expensive amid tariff increases.

Nanit CEO Anushka Salinas breaks down the anticipated cost increases tariffs will have on products for babies.

A key exemption on low-cost imports from China expired overnight, as Americans prepare for a wave of increased prices.

The Trump administration closed a tariff loophole on packages from China and Hong Kong with a value of $800 or less. 

While celebrating the 100-day mark of his second term with his Cabinet on Wednesday, President Donald Trump said, "maybe the children will have two dolls instead of 30 dolls."

President Trump, celebrating the 100-day mark of his second term with his Cabinet on Wednesday, admitted his tariff policy could have effects on American families.

During a White House press briefing Thursday morning, Deputy Chief of Staff Stephen Miller downplayed the impact tariffs would have on prices for consumers.

Microsoft announced Thursday that it raised prices on its Xbox consoles and accessories, just weeks after the Trump administration announced its tariffs.

More than 7 in 10 Americans believe the economy is in bad shape, according to a new ABC News/Washington Post/Ipsos poll.

President Donald Trump, in his first 100 days in office, has wielded his pen to radically implement his agenda at a breakneck pace.

General Motors is lowering one of its full-year financial forecasts as the company braces for the potential impact of auto tariffs

The International Monetary Fund says that countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financi...

Wisconsin soybean exports plummet as South Carolina seafood industry finds new opportunity amid trade tensions.

RSM chief economist Joseph Brusuelas says consumer prices may begin to go up in the coming months following tariffs imposed by the Trump administration.

President Donald Trump spoke to reporters during his Cabinet meeting, saying that factories are closing “all over China.”

Six months after the United States gave a green light to import avocados from Guatemala, the Central American country has yet to send any of the fruit north, but expectations are running high

ABC News’ Rachel Scott has more on President Donald Trump remarks as he looked back the first 100 days of his historic second term during a Michigan rally on Tuesday.

As questions swirl around the White House's tariff plan, "GMA" shares smart ways to keep your pantry stocked and your grocery bill steady.

With consumer confidence dropping to a 5-year low, business analysts and managers are warning that President Donald Trump’s tariffs are already taking a toll.

Trump's tariffs have stoked uncertainty among consumers and businesses.

Premium coffee roasters in the U.S. are reeling from the sharp price increases of coffee beans, which nearly doubled last year after record drought in Brazil

Caterpillar said Wednesday it anticipates that tariffs may increase its second-quarter costs by up to $350 million as its first-quarter sales slipped on declining demand for its equipment

Amazon has released a statement saying that the proposal "was never approved and is not going to happen."

President Trump stood by his controversial trade policies in an exclusive Oval Office interview Tuesday with ABC News' Terry Moran.

President Donald Trump will visit Michigan on Tuesday, where he is expected to deliver some tariff relief to U.S. automakers.

The Democrats “urgently” called for the White House to issue the full disclosure of financial transactions of senior officials amid Trump's tariff rollbacks.

Speaking at the White House on Tuesday, Treasury Secretary Scott Bessent touted the tariff adjustment as a means of ensuring carmakers bring manufacturing to the U.S.