Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.

Team coverage of the President Trump's new tariffs set to be announced on what his administration is calling "Liberation Day."

Here's how Trump's latest tariffs could impact mortgage rates and homebuilding costs in a market that's already fraught with affordability woes.

Will Donald Trump’s ‘liberation day’ tariffs drag US into recession? The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner,

The saying goes that when America sneezes the rest of the world catches a cold — pithy shorthand to describe how changes in the world’s biggest economy ripple out to impact everyone else.

President Trump's tariff plan jolted global markets, sent U.S. stocks sharply lower and prompted investors to flee the dollar on fears that America's transition to a more isolated economic model will cause repercussions at home and abroad.