"…The back and forth has caused sharp swings in global markets and threatens to hamper trade between the two countries."

"…Economists warn that such heightened levies could significantly squeeze the wallets of both companies and shoppers alike."

"…However, the more damaging element of it is the uncertainty created."

"…The US has doubled tariffs on foreign steel and aluminum imports to 50%, pressing ahead in the face of criticism from key trading partners with a measure that Donald Trump says is intended to revive the American industry."

"…The reduction in tariff rates for UK steelmakers was 'in the short-term … good news' said Rowan Crozier, the chief executive of Brandauer, a metal stamping specialist."

"…The domestic steel industry has voiced support for the increased tariffs, saying they will help it weather increased competition from foreign steel manufacturers."

"…Mexico’s Economy Minister Marcelo Ebrard slammed the decision as irrational, noting the imbalance in steel trade between the two nations."

"…Businesses and consumers have been on edge since the beginning of the year, but the latest surveys show that Trump’s policies are clearly reverberating throughout the economy, affecting inflation, hiring and many companies’ finances — all while consumers try to figure out whether to spend now or wait until later."

"…The jump in import taxes is the latest salvo in President Donald Trump’s trade war, part of a broad range of tariffs he’s levied since February."

"…U.S. steel firms have hailed Trump’s renewed push to raise the cost to American firms that rely on imports of steel."

"…Forecasters say tariffs will likely raise prices for both rich families and poor families, although the CBO is still sorting out which end of the income ladder would be hit hardest."

"…The Trump administration yesterday formally requested that Congress rescind the $1.1 billion allocated for public broadcasters over the next two years."

"…While Trump's overall trade agenda is supposed to promote domestic manufacturing, a survey released this week showed factory orders and output being dragged down by tariffs and the often unpredictable way they've been rolled out."

"…However, the report from the Congressional Budget Office also noted that tariffs would slightly reduce economic output in the United States by 0.6% over the next 10 years, and contribute to a moderate 0.4% increase in inflation over the next year because the cost of consumer goods is expected to rise as a result of tariff policy."

"…The trade gap fell by more than half in April as imports plunged, the data showed."

"…The analysis found that shrinking of the U.S. economy would vary but said that tariffs would reduce gross domestic product growth by .06% each year."

"…The CBO's estimations show that the tradeoff for a $2.8 trillion deficit reduction over 10 years would be an overall reduction in household wealth."

"…President Trump's move to double steel and aluminum tariffs will have a negative impact on housing affordability by further disrupting building material supply chains and fueling business uncertainty."

"…The budget office estimates that the tariffs would increase the average annual rate of inflation by 0.4 percentage points in 2025 and 2026."

"…Tariffs aren't the only reason we'll see appliance price hikes."

"…Numerous companies have already hiked prices or said that they will be hiked in the near future."

"…Goods brought into the US plunged by 20% in April, recording their largest ever monthly drop in the face of a wave of tariffs unleashed by US President Donald Trump."

"…There is now a new clock ticking."

"…The increase applies to nearly all trading partners, with Britain the only exception, since it is the only country so far that has reached a preliminary trade agreement with the U.S."

"…The budget office estimates that the tariffs would increase the average annual rate of inflation by 0.4 percentage points in 2025 and 2026."

"…The outlook remains slightly pessimistic and uncertain, unchanged relative to the previous report."

"…The latest report showed just three did, while half reported economic declines."

"…The outlook remains slightly pessimistic and uncertain, unchanged relative to the previous report."

"…Largely confirming what other economic models have predicted, the CBO's estimations show that the tradeoff for a $2.8 trillion deficit reduction over 10 years would be an overall reduction in household wealth."

"…Largely confirming what other economic models have predicted, the CBO's estimations show that the tradeoff for a $2.8 trillion deficit reduction over 10 years would be an overall reduction in household wealth."

"…Largely confirming what other economic models have predicted, the CBO's estimations show that the tradeoff for a $2.8 trillion deficit reduction over 10 years would be an overall reduction in household wealth."

"…The 25% tariff is expected to be removed as part of the trade deal, although Trump warned that it could even increase the levy on the U.K. to 50% 'on or after July 9' if the White House 'determines that the United Kingdom has not complied with relevant aspects of the EPD.'"

"…The 25% tariff is expected to be removed as part of the trade deal, although Trump warned that it could even increase the levy on the U.K. to 50% "on or after July 9" if the White House "determines that the United Kingdom has not complied with relevant aspects of the EPD.""

"…The CBO report contradicts many standard anti-tariff arguments."

"…President Donald Trump’s tariffs would cut federal deficits by $2.8 trillion over the next decade, according to a new analysis by the Congressional Budget Office."

"…The measure, enacted through an executive order signed on Monday, doubles the previous 25 percent rate and is intended to boost domestic production."

"…The additional tariffs on Canadian steel and aluminum announced today by the United States are unlawful and unjustified."