President Trump announced that the United States will hit back at any country that imposes trade barriers on American exports by subjecting them to sweeping “reciprocal” tariffs — an unprecedented move that threatens to upend the global economy,

President Donald Trump on Wednesday unveiled expansive new tariffs in a major escalation of his trade war, referring to the historic move as a “declaration of economic independence.” Trump’s risky bet to address unfair trade practices could send prices higher for American consumers and weaken economic growth,