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Global markets plummeted Thursday after Trump announced his sweeping tariffs.S&P 500 futures fell 3%, signaling the benchmark index's nearly 5% first-quarter drop will continue.Gold briefly touched a new high,

President Trump, accusing 'friend and foe alike' of taking advantage of the United States on trade, said he would impose what he calls reciprocal tariffs on countries all over the world.

Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.

President’s ‘Liberation Day’ announcement spares UK from worst of tariffs but will undo trade arrangements that have been in place since 1947

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.

Speaking in the Rose Garden of the White House, the president announced new “reciprocal” tariffs on almost all America’s trading partners. There will be levies of 34% on China, 27% on India, 24% on Japan and 20% on the European Union.

Following President Trump’s announcement of sweeping tariffs on goods imported to the U.S., many world leaders are vowing to impose their own countermeasures. NBC News’ Molly Hunter breaks down which countries could be the most affected by the president’s tariffs and how world leaders are responding.

President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth.