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Trump's tariff increase could cost U.S. households $700 billion, the largest de facto tax hike since LBJ needed to finance the war in Vietnam.

Stock markets worldwide are careening even lower after China matched President Trump's big raise in tariffs in an escalating trade war.

Stocks continued to sag Friday in the U.S. after financial markets suffered their biggest one-day drop since 2020.

Stocks slid to their lowest levels in several months, as the Dow and S&P hit their lowest intraday prices since August and the Nasdaq touched its cheapest level s

U.S. stock futures are declining sharply after indexes plummeted on tariffs announcements from President Donald Trump; China retaliates with a 34% tariff on U.S. imports; job growth is seen having slowed slightly in today's March labor report;

Nvidia stock was set to fall below $100 on Friday after China said it would impose a 34% tax on all U.S. goods.

Longtime CNBC host Jim Cramer lit into President Donald Trump on Thursday after his across-the-board tariffs caused the stock market to tank. “I thought they were going to do something,” Cramer told CNN ’s Erin Burnett. “And what’d they do? They cratered the damn stock market and gave us nothing.”