President Donald Trump's tariff hikes will drag down growth in Canada, Mexico and the United States while driving up inflation, the OECD forecast on Monday, cutting its global economic outlook and warning that a broader trade war would sap growth further.

President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand.

Donald Trump’s trade war is taking a “significant toll” on the global economy, the OECD has warned, as it cut growth forecasts for a dozen G20 countries. Global growth will slow this year and next, from 3.

President Donald Trump has promised a massive escalation of his global trade war on April 2, when far-reaching tariffs will be imposed on nations around the world

President Donald Trump has launched an all-out trade war, hitting imports from Canada, Mexico, the European Union, and China with massive tariffs. The goal? Reshaping the U.S. economy and forcing other nations to negotiate on his terms.