What do luxury apparel fans and little kids have in common? Their favorite brands may have to hike prices due to tariff strain. The big picture: From Ralph Lauren to Barbie maker Mattel, several household names have recently announced they're looking at higher prices in an effort to offset tariffs.

"If that is not the case, a tariff of at least 25% must be paid by Apple to the US."Adding uncertainty to his ultimatum, Trump later said the tariff wouldn't apply to just the iPhone but also to any smartphone made outside the US.

President Trump threatens massive tariff on the EU. Trump made the startling new tariff threat in a post on Truth Social. His post said, in part, “The European Union, which was

A quarterly earnings release from Nvidia is set to greet investors in the week ahead as the stock market rally has hit pause.

President Trump believes he can force more goods to be made at home by raising taxes on American imports. He imposed new tariffs on cars, steel and aluminum. His particularly steep tariffs on China prompted an escalation that blocked most trade between the countries. He also placed new “ reciprocal tariffs ” on China and dozens of other countries.